First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) Sees Strong Trading Volume – Here’s Why

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw an uptick in trading volume on Wednesday . 96,458 shares were traded during trading, a decline of 51% from the previous session’s volume of 195,377 shares.The stock last traded at $35.90 and had previously closed at $35.81.

First Trust North American Energy Infrastructure Fund Stock Down 1.0 %

The stock has a fifty day moving average of $36.14 and a 200-day moving average of $33.81. The stock has a market cap of $2.94 billion, a PE ratio of 17.22 and a beta of 0.52.

Institutional Investors Weigh In On First Trust North American Energy Infrastructure Fund

Institutional investors have recently added to or reduced their stakes in the business. Prospera Private Wealth LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter valued at approximately $27,000. Darwin Wealth Management LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth approximately $30,000. Eastern Bank acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth approximately $70,000. ORG Wealth Partners LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth approximately $72,000. Finally, Blue Trust Inc. raised its position in shares of First Trust North American Energy Infrastructure Fund by 25.2% during the 3rd quarter. Blue Trust Inc. now owns 2,830 shares of the exchange traded fund’s stock worth $95,000 after purchasing an additional 570 shares during the last quarter.

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.