First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP – Get Free Report) saw strong trading volume on Wednesday . 96,458 shares were traded during mid-day 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 Performance
The firm’s 50 day moving average price is $36.06 and its 200-day moving average price is $33.77. The firm has a market capitalization 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
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prospera Private Wealth LLC purchased a new position in shares of First Trust North American Energy Infrastructure Fund in the third quarter worth about $27,000. Darwin Wealth Management LLC acquired a new stake in shares of First Trust North American Energy Infrastructure Fund in the 3rd quarter worth $30,000. Eastern Bank purchased a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter worth $70,000. ORG Wealth Partners LLC acquired a new position in shares of First Trust North American Energy Infrastructure Fund during the 3rd quarter valued at about $72,000. Finally, Blue Trust Inc. grew its holdings in shares of First Trust North American Energy Infrastructure Fund by 25.2% in the third quarter. Blue Trust Inc. now owns 2,830 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 570 shares during the period.
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.
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