First Trust Natural Gas ETF (NYSEARCA:FCG) Sees Strong Trading Volume – Should You Buy?

First Trust Natural Gas ETF (NYSEARCA:FCG) saw unusually-high trading volume on Wednesday . Approximately 930,806 shares traded hands during trading, a decline of 29% from the previous session’s volume of 1,312,662 shares.The stock last traded at $30.67 and had previously closed at $31.69.

First Trust Natural Gas ETF Stock Performance

The stock has a market capitalization of $617.80 million, a P/E ratio of 10.55 and a beta of 0.87. The business has a 50-day moving average price of $27.88 and a 200 day moving average price of $25.00.

Institutional Investors Weigh In On First Trust Natural Gas ETF

A number of institutional investors have recently modified their holdings of the stock. Capital Square LLC increased its holdings in shares of First Trust Natural Gas ETF by 5.5% during the third quarter. Capital Square LLC now owns 13,260 shares of the company’s stock valued at $311,000 after acquiring an additional 693 shares in the last quarter. Beck Capital Management LLC boosted its stake in First Trust Natural Gas ETF by 8.6% in the 4th quarter. Beck Capital Management LLC now owns 11,338 shares of the company’s stock worth $265,000 after purchasing an additional 900 shares in the last quarter. National Bank of Canada FI grew its position in First Trust Natural Gas ETF by 4.6% during the 3rd quarter. National Bank of Canada FI now owns 21,855 shares of the company’s stock valued at $513,000 after purchasing an additional 955 shares during the last quarter. Larson Financial Group LLC grew its position in First Trust Natural Gas ETF by 38.4% during the 3rd quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock valued at $88,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in First Trust Natural Gas ETF by 11.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,603 shares of the company’s stock valued at $243,000 after purchasing an additional 1,064 shares in the last quarter.

About First Trust Natural Gas ETF

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.