First Trust Natural Gas ETF (NYSEARCA:FCG) Sets New 12-Month High – Here’s What Happened

Shares of First Trust Natural Gas ETF (NYSEARCA:FCG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $33.01 and last traded at $33.01, with a volume of 6978 shares. The stock had previously closed at $32.74.

First Trust Natural Gas ETF Stock Performance

The stock has a market capitalization of $656.69 million, a P/E ratio of 10.55 and a beta of 0.87. The firm has a 50-day moving average price of $27.55 and a 200 day moving average price of $24.88.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Gendell Jeffrey L lifted its holdings in shares of First Trust Natural Gas ETF by 396.8% in the 4th quarter. Gendell Jeffrey L now owns 943,874 shares of the company’s stock worth $22,096,000 after acquiring an additional 753,874 shares during the last quarter. Financial Sense Advisors Inc. grew its holdings in shares of First Trust Natural Gas ETF by 370.7% during the 3rd quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock valued at $12,606,000 after purchasing an additional 422,638 shares during the last quarter. Quadrature Capital Ltd purchased a new position in First Trust Natural Gas ETF in the 3rd quarter worth $5,905,000. BNP Paribas Financial Markets lifted its stake in First Trust Natural Gas ETF by 403,125.8% in the second quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock worth $5,778,000 after purchasing an additional 249,938 shares during the last quarter. Finally, Lake Hills Wealth Management LLC purchased a new stake in First Trust Natural Gas ETF during the fourth quarter valued at about $5,597,000.

First Trust Natural Gas ETF Company Profile

First Trust ISE-Revere Natural Gas Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the ISE-REVERE Natural Gas Index (the Index). The Index is an equal-weighted index consisting of exchange-listed companies that derive a substantial portion of their revenues from the exploration and production of natural gas. The Index is constructed by establishing the universe of stocks listed in the United States of companies involved in the natural gas exploration and production industries and then eliminates stocks whose natural gas-proven reserves do not meet certain requirements.