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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw strong trading volume on Tuesday . 299,485 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 205,206 shares.The stock last traded at $37.46 and had previously closed at $37.71.

First Trust North American Energy Infrastructure Fund Stock Performance

The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 18.61 and a beta of 0.86. The company has a 50-day moving average price of $37.13 and a 200-day moving average price of $35.83.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Arvest Bank Trust Division purchased a new stake in shares of First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at about $24,152,000. Raymond James Financial Inc. purchased a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $20,886,000. Modern Wealth Management LLC purchased a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $19,845,000. Ocean Park Asset Management LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $17,611,000. Finally, Cresset Asset Management LLC grew its position in shares of First Trust North American Energy Infrastructure Fund by 5.1% during the fourth quarter. Cresset Asset Management LLC now owns 2,152,195 shares of the exchange traded fund’s stock worth $76,726,000 after acquiring an additional 103,686 shares during the last quarter.

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.