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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw strong trading volume on Monday . 713,516 shares changed hands during trading, an increase of 230% from the previous session’s volume of 216,055 shares.The stock last traded at $32.84 and had previously closed at $34.55.

First Trust North American Energy Infrastructure Fund Price Performance

The business’s fifty day moving average price is $36.81 and its 200-day moving average price is $36.07. The stock has a market capitalization of $3.06 billion, a PE ratio of 17.19 and a beta of 0.70.

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

A number of institutional investors have recently bought and sold shares of EMLP. Measured Risk Portfolios Inc. bought a new position in First Trust North American Energy Infrastructure Fund in the fourth quarter worth approximately $25,000. Duncker Streett & Co. Inc. bought a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter valued at approximately $29,000. First Horizon Advisors Inc. bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter valued at approximately $37,000. Finally, Transce3nd LLC purchased a new position in First Trust North American Energy Infrastructure Fund during the fourth quarter valued at approximately $38,000.

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.