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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares saw an uptick in trading volume on Tuesday . 462,110 shares were traded during trading, an increase of 125% from the previous session’s volume of 205,601 shares.The stock last traded at $37.23 and had previously closed at $37.49.

First Trust North American Energy Infrastructure Fund Trading Up 0.4 %

The stock has a market cap of $3.26 billion, a P/E ratio of 18.61 and a beta of 0.86. The business’s fifty day simple moving average is $37.15 and its 200 day simple moving average is $35.99.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new position in shares of First Trust North American Energy Infrastructure Fund in the 4th quarter valued at about $25,000. Duncker Streett & Co. Inc. bought a new position in First Trust North American Energy Infrastructure Fund in the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in First Trust North American Energy Infrastructure Fund during the 4th quarter worth $29,000. First Horizon Advisors Inc. acquired a new stake in First Trust North American Energy Infrastructure Fund during the 4th quarter worth $37,000. Finally, Transce3nd LLC bought a new stake in shares of First Trust North American Energy Infrastructure Fund during the 4th quarter valued at $38,000.

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.