First Trust Natural Gas ETF (NYSEARCA:FCG) Sets New 1-Year High – Here’s What Happened

Shares of First Trust Natural Gas ETF (NYSEARCA:FCG) hit a new 52-week high on Monday . The stock traded as high as $29.06 and last traded at $28.5980, with a volume of 526507 shares trading hands. The stock had previously closed at $27.93.

First Trust Natural Gas ETF Stock Performance

The stock’s fifty day simple moving average is $25.08 and its two-hundred day simple moving average is $24.02. The company has a market capitalization of $575.69 million, a price-to-earnings ratio of 10.55 and a beta of 0.87.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Corecam Pte. Ltd. acquired a new stake in shares of First Trust Natural Gas ETF during the 4th quarter valued at $494,000. Grand Central Investment Group acquired a new stake in shares of First Trust Natural Gas ETF during the fourth quarter worth $1,852,000. PACK Private Wealth LLC lifted its holdings in shares of First Trust Natural Gas ETF by 18.6% during the fourth quarter. PACK Private Wealth LLC now owns 11,698 shares of the company’s stock valued at $274,000 after purchasing an additional 1,835 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in shares of First Trust Natural Gas ETF by 135.7% in the 4th quarter. Main Street Financial Solutions LLC now owns 40,012 shares of the company’s stock valued at $937,000 after purchasing an additional 23,033 shares during the period. Finally, Integrity Wealth Advisors Inc. increased its stake in First Trust Natural Gas ETF by 7.4% in the 4th quarter. Integrity Wealth Advisors Inc. now owns 18,736 shares of the company’s stock worth $439,000 after purchasing an additional 1,299 shares in the last quarter.

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.