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

First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) shares saw unusually-high trading volume on Wednesday. Approximately 178,309 shares traded hands during trading, a decline of 33% from the previous session’s volume of 265,235 shares. The stock last traded at $42.5620 and had previously closed at $42.66.

First Trust North American Energy Infrastructure Fund Price Performance

The firm has a market capitalization of $3.96 billion, a PE ratio of 17.59 and a beta of 0.56. The company’s fifty day simple moving average is $43.89 and its 200-day simple moving average is $43.73.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Lee Johnson Capital Management LLC grew its holdings in First Trust North American Energy Infrastructure Fund by 2.6% during the 1st quarter. Lee Johnson Capital Management LLC now owns 9,677 shares of the exchange traded fund’s stock valued at $422,000 after buying an additional 248 shares during the last quarter. Wagner Wealth Management LLC raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 0.7% in the first quarter. Wagner Wealth Management LLC now owns 39,222 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 257 shares during the last quarter. Cambridge Advisors Inc. raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 0.7% in the first quarter. Cambridge Advisors Inc. now owns 48,047 shares of the exchange traded fund’s stock worth $2,098,000 after acquiring an additional 312 shares during the last quarter. Compound Planning Inc. raised its holdings in shares of First Trust North American Energy Infrastructure Fund by 3.0% in the first quarter. Compound Planning Inc. now owns 11,141 shares of the exchange traded fund’s stock worth $486,000 after acquiring an additional 325 shares during the last quarter. Finally, BlueChip Wealth Advisors LLC lifted its position in shares of First Trust North American Energy Infrastructure Fund by 0.6% in the first quarter. BlueChip Wealth Advisors LLC now owns 51,883 shares of the exchange traded fund’s stock valued at $2,265,000 after acquiring an additional 330 shares in 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.