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 Thursday . Approximately 862,126 shares were traded during trading, an increase of 222% from the previous session’s volume of 267,812 shares.The stock last traded at $43.61 and had previously closed at $43.94.

First Trust North American Energy Infrastructure Fund Trading Down 0.5%

The stock’s 50-day moving average is $40.37 and its 200-day moving average is $38.87. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 17.59 and a beta of 0.65.

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

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its holdings in First Trust North American Energy Infrastructure Fund by 3.3% in the 4th quarter. Morgan Stanley now owns 18,510,517 shares of the exchange traded fund’s stock worth $700,993,000 after acquiring an additional 591,927 shares during the period. Forefront Wealth Partners LLC acquired a new stake in First Trust North American Energy Infrastructure Fund during the 3rd quarter valued at $9,934,000. Capital Investment Advisors LLC increased its stake in First Trust North American Energy Infrastructure Fund by 5.7% during the 4th quarter. Capital Investment Advisors LLC now owns 4,189,659 shares of the exchange traded fund’s stock worth $158,662,000 after buying an additional 224,827 shares during the period. Nvest Wealth Strategies Inc. acquired a new position in First Trust North American Energy Infrastructure Fund in the 4th quarter worth $8,276,000. Finally, Crusonia Wealth Advisors LLC acquired a new position in First Trust North American Energy Infrastructure Fund in the 4th quarter worth $7,522,000.

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.