First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw an uptick in trading volume on Monday . 489,625 shares were traded during mid-day trading, an increase of 85% from the previous session’s volume of 265,132 shares.The stock last traded at $42.8260 and had previously closed at $42.88.

First Trust North American Energy Infrastructure Fund Trading Down 0.4%

The stock has a market cap of $3.89 billion, a P/E ratio of 17.59 and a beta of 0.59. The company’s fifty day simple moving average is $43.74 and its 200-day simple moving average is $41.33.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 2.5% in the 1st quarter. Glenmede Trust Co. NA now owns 1,081,366 shares of the exchange traded fund’s stock valued at $47,212,000 after purchasing an additional 25,901 shares in the last quarter. Bank of America Corp DE lifted its position in First Trust North American Energy Infrastructure Fund by 12.0% during the 1st quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock worth $104,048,000 after buying an additional 256,270 shares in the last quarter. Centaurus Financial Inc. acquired a new position in First Trust North American Energy Infrastructure Fund during the 1st quarter worth about $113,000. Arkadios Wealth Advisors lifted its position in First Trust North American Energy Infrastructure Fund by 60.0% during the 1st quarter. Arkadios Wealth Advisors now owns 91,772 shares of the exchange traded fund’s stock worth $4,007,000 after buying an additional 34,410 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in First Trust North American Energy Infrastructure Fund by 104.6% during the 1st quarter. Sunbelt Securities Inc. now owns 22,775 shares of the exchange traded fund’s stock worth $994,000 after buying an additional 11,643 shares in the last quarter.

About First Trust North American Energy Infrastructure Fund

The First Trust North American Energy Infrastructure Fund (EMLP) is an exchange-traded fund that is based on the Alerian MLP index. The fund is an actively managed fund that invests in North American energy infrastructure MLPs and LLCs. EMLP was launched on Jun 21, 2012 and is managed by First Trust.