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) saw unusually-strong trading volume on Tuesday. 241,457 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 270,550 shares. The stock last traded at $41.3050 and had previously closed at $41.32.

First Trust North American Energy Infrastructure Fund Trading Down 0.2%

The company has a market capitalization of $3.94 billion, a P/E ratio of 17.59 and a beta of 0.56. The stock’s fifty day moving average is $43.78 and its 200 day moving average is $43.70.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of First Trust North American Energy Infrastructure Fund by 12.0% during the first quarter. Bank of America Corp DE now owns 2,383,147 shares of the exchange traded fund’s stock worth $104,048,000 after purchasing an additional 256,270 shares during the period. Wealthspire Advisors LLC grew its stake in shares of First Trust North American Energy Infrastructure Fund by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 2,165,019 shares of the exchange traded fund’s stock worth $81,989,000 after purchasing an additional 51,817 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of First Trust North American Energy Infrastructure Fund by 2.5% in the first quarter. Glenmede Trust Co. NA now owns 1,081,366 shares of the exchange traded fund’s stock worth $47,212,000 after purchasing an additional 25,901 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in First Trust North American Energy Infrastructure Fund by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 967,390 shares of the exchange traded fund’s stock valued at $36,635,000 after purchasing an additional 76,535 shares during the period. Finally, Disciplina Capital Management LLC increased its holdings in First Trust North American Energy Infrastructure Fund by 2.1% during the 4th quarter. Disciplina Capital Management LLC now owns 932,032 shares of the exchange traded fund’s stock valued at $35,296,000 after purchasing an additional 18,798 shares during the period.

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.