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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw unusually-strong trading volume on Tuesday . Approximately 462,110 shares traded hands during trading, an increase of 125% from the previous session’s volume of 205,601 shares.The stock last traded at $37.23 and had previously closed at $37.49.

First Trust North American Energy Infrastructure Fund Price Performance

The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 18.61 and a beta of 0.86. The business has a 50 day moving average of $37.15 and a 200 day moving average of $36.04.

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

A number of hedge funds have recently made changes to their positions in the business. Daymark Wealth Partners LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 9.1% during the 4th quarter. Daymark Wealth Partners LLC now owns 126,115 shares of the exchange traded fund’s stock worth $4,496,000 after buying an additional 10,477 shares during the period. Cambridge Advisors Inc. raised its stake in First Trust North American Energy Infrastructure Fund by 49.6% during the fourth quarter. Cambridge Advisors Inc. now owns 42,988 shares of the exchange traded fund’s stock worth $1,533,000 after acquiring an additional 14,252 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter valued at $47,000. Wedmont Private Capital boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 99.7% in the 4th quarter. Wedmont Private Capital now owns 24,116 shares of the exchange traded fund’s stock valued at $864,000 after purchasing an additional 12,039 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 3,653,373 shares of the exchange traded fund’s stock worth $130,243,000 after purchasing an additional 66,614 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.