First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Large Volume Increase – What’s Next?

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw an uptick in trading volume on Tuesday. 241,457 shares traded hands during 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 Stock Down 0.2%

The stock has a market capitalization of $3.94 billion, a P/E ratio of 17.59 and a beta of 0.56. The company has a 50-day moving average price of $43.78 and a two-hundred day moving average price of $43.70.

Institutional Trading of First Trust North American Energy Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. MV Capital Management Inc. purchased a new position in shares of First Trust North American Energy Infrastructure Fund during the fourth quarter worth about $257,000. IHT Wealth Management LLC raised its stake in First Trust North American Energy Infrastructure Fund by 4.2% in the fourth quarter. IHT Wealth Management LLC now owns 182,129 shares of the exchange traded fund’s stock valued at $6,897,000 after purchasing an additional 7,323 shares in the last quarter. Capital Financial Group Inc. Co. ADV purchased a new stake in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $242,000. Vernal Point Advisors LLC lifted its position in First Trust North American Energy Infrastructure Fund by 15.8% during the fourth quarter. Vernal Point Advisors LLC now owns 260,022 shares of the exchange traded fund’s stock valued at $9,847,000 after purchasing an additional 35,420 shares during the last quarter. Finally, Evelyn Partners Investment Management Europe Ltd lifted its position in First Trust North American Energy Infrastructure Fund by 5.3% during the fourth quarter. Evelyn Partners Investment Management Europe Ltd now owns 14,391 shares of the exchange traded fund’s stock valued at $545,000 after purchasing an additional 720 shares during 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.