First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Large Volume Increase

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw an uptick in trading volume on Wednesday . 153,566 shares traded hands during mid-day trading, a decline of 25% from the previous session’s volume of 206,010 shares.The stock last traded at $31.80 and had previously closed at $31.44.

First Trust North American Energy Infrastructure Fund Stock Up 1.4 %

The firm’s 50-day moving average is $30.84 and its 200-day moving average is $29.54. The company has a market cap of $2.62 billion, a PE ratio of 17.22 and a beta of 0.52.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

A number of institutional investors have recently made changes to their positions in EMLP. Choreo LLC bought a new position in First Trust North American Energy Infrastructure Fund in the second quarter valued at about $395,000. Larson Financial Group LLC lifted its stake in shares of First Trust North American Energy Infrastructure Fund by 588.6% in the 2nd quarter. Larson Financial Group LLC now owns 3,870 shares of the exchange traded fund’s stock worth $118,000 after purchasing an additional 3,308 shares during the period. Verus Capital Partners LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the second quarter worth approximately $279,000. Stegent Equity Advisors Inc. grew its position in First Trust North American Energy Infrastructure Fund by 13.8% during the second quarter. Stegent Equity Advisors Inc. now owns 117,198 shares of the exchange traded fund’s stock valued at $3,570,000 after buying an additional 14,220 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in First Trust North American Energy Infrastructure Fund by 7.7% in the second quarter. Commonwealth Equity Services LLC now owns 159,241 shares of the exchange traded fund’s stock worth $4,851,000 after acquiring an additional 11,429 shares during the period.

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.