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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares saw unusually-strong trading volume on Friday . Approximately 156,141 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 192,687 shares.The stock last traded at $34.41 and had previously closed at $34.49.

First Trust North American Energy Infrastructure Fund Trading Up 0.2 %

The company has a fifty day moving average of $33.26 and a 200-day moving average of $31.43. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 17.22 and a beta of 0.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMLP. PNC Financial Services Group Inc. raised its position in shares of First Trust North American Energy Infrastructure Fund by 84.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,072 shares of the exchange traded fund’s stock valued at $251,000 after buying an additional 4,141 shares during the last quarter. NBC Securities Inc. raised its holdings in First Trust North American Energy Infrastructure Fund by 43.2% in the 1st quarter. NBC Securities Inc. now owns 7,958 shares of the exchange traded fund’s stock valued at $235,000 after acquiring an additional 2,401 shares during the last quarter. Elevated Capital Advisors LLC raised its holdings in First Trust North American Energy Infrastructure Fund by 6.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 127,540 shares of the exchange traded fund’s stock valued at $3,766,000 after acquiring an additional 8,288 shares during the last quarter. G&S Capital LLC lifted its stake in First Trust North American Energy Infrastructure Fund by 3.5% in the 1st quarter. G&S Capital LLC now owns 20,523 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 696 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 1st quarter worth approximately $107,000.

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.