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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares saw an uptick in trading volume on Tuesday . 203,045 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 224,256 shares.The stock last traded at $36.21 and had previously closed at $35.92.

First Trust North American Energy Infrastructure Fund Price Performance

The firm has a market capitalization of $3.02 billion, a P/E ratio of 17.22 and a beta of 0.52. The company has a fifty day moving average of $36.30 and a 200 day moving average of $33.99.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the 2nd quarter worth approximately $2,500,000. NewEdge Advisors LLC raised its holdings in First Trust North American Energy Infrastructure Fund by 20.9% during the second quarter. NewEdge Advisors LLC now owns 39,090 shares of the exchange traded fund’s stock worth $1,191,000 after buying an additional 6,752 shares during the last quarter. HBW Advisory Services LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the third quarter worth $3,586,000. B. Riley Wealth Advisors Inc. raised its holdings in First Trust North American Energy Infrastructure Fund by 2.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 143,337 shares of the exchange traded fund’s stock worth $4,366,000 after buying an additional 3,862 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in First Trust North American Energy Infrastructure Fund during the second quarter worth $475,000.

First Trust North American Energy Infrastructure Fund Company Profile

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.