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

Shares of First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) saw an uptick in trading volume on Monday . 489,625 shares were traded during trading, an increase of 85% from the previous session’s volume of 265,132 shares.The stock last traded at $42.8260 and had previously closed at $42.88.

First Trust North American Energy Infrastructure Fund Price Performance

The company has a market capitalization of $3.93 billion, a P/E ratio of 17.59 and a beta of 0.59. The stock has a 50-day moving average price of $43.71 and a 200-day moving average price of $41.36.

Hedge Funds Weigh In On First Trust North American Energy Infrastructure Fund

A number of hedge funds have recently made changes to their positions in EMLP. Creative Planning raised its position in shares of First Trust North American Energy Infrastructure Fund by 4.1% during the second quarter. Creative Planning now owns 10,510 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 415 shares during the last quarter. First Trust Advisors LP raised its position in shares of First Trust North American Energy Infrastructure Fund by 90.0% during the second quarter. First Trust Advisors LP now owns 13,298 shares of the exchange traded fund’s stock worth $499,000 after acquiring an additional 6,298 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of First Trust North American Energy Infrastructure Fund by 3.7% during the second quarter. Baird Financial Group Inc. now owns 86,427 shares of the exchange traded fund’s stock worth $3,242,000 after acquiring an additional 3,116 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of First Trust North American Energy Infrastructure Fund by 233.4% during the second quarter. Qube Research & Technologies Ltd now owns 22,549 shares of the exchange traded fund’s stock worth $846,000 after acquiring an additional 15,785 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of First Trust North American Energy Infrastructure Fund during the second quarter worth about $33,000.

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.