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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares saw strong trading volume on Wednesday . 178,309 shares were traded during trading, a decline of 33% from the previous session’s volume of 265,235 shares.The stock last traded at $42.5620 and had previously closed at $42.66.

First Trust North American Energy Infrastructure Fund Stock Performance

The stock has a fifty day simple moving average of $43.98 and a two-hundred day simple moving average of $43.76. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 17.59 and a beta of 0.56.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several institutional investors and hedge funds have recently modified their holdings of EMLP. New England Private Wealth Advisors LLC lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 2.1% in the 4th quarter. New England Private Wealth Advisors LLC now owns 310,112 shares of the exchange traded fund’s stock valued at $11,744,000 after acquiring an additional 6,474 shares during the last quarter. Peak Planning Group LLC bought a new stake in First Trust North American Energy Infrastructure Fund during the 4th quarter worth $578,000. Wealthspire Advisors LLC increased its holdings in First Trust North American Energy Infrastructure Fund by 2.5% in the 4th quarter. Wealthspire Advisors LLC now owns 2,165,019 shares of the exchange traded fund’s stock worth $81,989,000 after purchasing an additional 51,817 shares in the last quarter. Disciplina Capital Management LLC increased its holdings in First Trust North American Energy Infrastructure Fund by 2.1% in the 4th quarter. Disciplina Capital Management LLC now owns 932,032 shares of the exchange traded fund’s stock worth $35,296,000 after purchasing an additional 18,798 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in First Trust North American Energy Infrastructure Fund by 5.0% in the 4th quarter. Continuum Advisory LLC now owns 73,173 shares of the exchange traded fund’s stock worth $2,771,000 after purchasing an additional 3,506 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.