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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw an uptick in trading volume on Tuesday . 299,485 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 205,206 shares.The stock last traded at $37.46 and had previously closed at $37.71.

First Trust North American Energy Infrastructure Fund Price Performance

The company has a market capitalization of $3.22 billion, a PE ratio of 18.61 and a beta of 0.86. The company’s 50 day simple moving average is $37.17 and its 200 day simple moving average is $35.87.

Institutional Trading of First Trust North American Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Investment Advisors LLC increased its holdings in shares of First Trust North American Energy Infrastructure Fund by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 3,653,373 shares of the exchange traded fund’s stock valued at $130,243,000 after acquiring an additional 66,614 shares during the period. Glenview Trust co increased its stake in First Trust North American Energy Infrastructure Fund by 0.7% in the fourth quarter. Glenview Trust co now owns 2,521,496 shares of the exchange traded fund’s stock valued at $89,891,000 after purchasing an additional 18,670 shares during the period. Cresset Asset Management LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 5.1% in the fourth quarter. Cresset Asset Management LLC now owns 2,152,195 shares of the exchange traded fund’s stock valued at $76,726,000 after buying an additional 103,686 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of First Trust North American Energy Infrastructure Fund by 3.3% during the fourth quarter. Wealthspire Advisors LLC now owns 2,027,567 shares of the exchange traded fund’s stock worth $72,283,000 after buying an additional 64,349 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 0.8% during the fourth quarter. LPL Financial LLC now owns 1,997,959 shares of the exchange traded fund’s stock worth $71,227,000 after buying an additional 15,415 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.