First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Large Volume Increase – Here’s Why

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw unusually-strong trading volume on Monday. Approximately 307,829 shares traded hands during trading, an increase of 11% from the average daily volume of 278,273 shares. The stock last traded at $44.3370 and had previously closed at $44.62.

First Trust North American Energy Infrastructure Fund Trading Down 0.7%

The stock has a market capitalization of $4.24 billion, a P/E ratio of 17.59 and a beta of 0.57. The company has a fifty day simple moving average of $43.15 and a two-hundred day simple moving average of $43.16.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of institutional investors have recently bought and sold shares of the business. Capital Investment Advisors LLC boosted its position in shares of First Trust North American Energy Infrastructure Fund by 1.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 4,410,779 shares of the exchange traded fund’s stock worth $180,798,000 after purchasing an additional 59,687 shares during the last quarter. Glenview Trust Co increased its holdings in First Trust North American Energy Infrastructure Fund by 0.3% in the third quarter. Glenview Trust Co now owns 2,472,222 shares of the exchange traded fund’s stock valued at $101,336,000 after purchasing an additional 7,549 shares during the last quarter. Bank of America Corp DE increased its holdings in First Trust North American Energy Infrastructure Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock valued at $104,048,000 after purchasing an additional 256,270 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in First Trust North American Energy Infrastructure Fund by 2.5% in the first quarter. Glenmede Trust Co. NA now owns 1,081,366 shares of the exchange traded fund’s stock valued at $47,212,000 after buying an additional 25,901 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in First Trust North American Energy Infrastructure Fund in the third quarter valued at about $39,024,000.

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.