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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw an uptick in trading volume on Monday . 713,516 shares traded hands during mid-day 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 Stock Down 1.7 %

The firm’s fifty day moving average is $37.07 and its two-hundred day moving average is $36.09. The firm has a market cap of $2.98 billion, a P/E ratio of 17.19 and a beta of 0.70.

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

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of First Trust North American Energy Infrastructure Fund by 3.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,303 shares of the exchange traded fund’s stock worth $296,000 after purchasing an additional 285 shares in the last quarter. Fulcrum Equity Management grew its position in shares of First Trust North American Energy Infrastructure Fund by 0.8% during the fourth quarter. Fulcrum Equity Management now owns 35,281 shares of the exchange traded fund’s stock valued at $1,258,000 after purchasing an additional 294 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in First Trust North American Energy Infrastructure Fund by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 9,964 shares of the exchange traded fund’s stock valued at $355,000 after buying an additional 344 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in First Trust North American Energy Infrastructure Fund by 11.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 3,750 shares of the exchange traded fund’s stock worth $133,000 after purchasing an additional 395 shares during the last quarter. Finally, Auour Investments LLC raised its position in shares of First Trust North American Energy Infrastructure Fund by 0.8% during the 4th quarter. Auour Investments LLC now owns 53,936 shares of the exchange traded fund’s stock valued at $1,984,000 after buying an additional 444 shares in the last quarter.

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.