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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares saw unusually-strong trading volume on Tuesday . Approximately 203,045 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 224,256 shares.The stock last traded at $36.21 and had previously closed at $35.92.

First Trust North American Energy Infrastructure Fund Stock Performance

The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52. The company’s 50 day simple moving average is $36.30 and its two-hundred day simple moving average is $33.99.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Several large investors have recently added to or reduced their stakes in EMLP. Prospera Private Wealth LLC bought a new stake in First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at $27,000. Darwin Wealth Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund in the 3rd quarter valued at $30,000. Decker Retirement Planning Inc. acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter worth about $47,000. Eastern Bank acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth about $70,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth about $72,000.

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.