First Trust Natural Gas ETF (NYSEARCA:FCG) Reaches New 1-Year High – Here’s Why

First Trust Natural Gas ETF (NYSEARCA:FCG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $26.24 and last traded at $26.2640, with a volume of 300524 shares changing hands. The stock had previously closed at $26.18.

First Trust Natural Gas ETF Stock Up 2.5%

The firm has a market capitalization of $537.60 million, a PE ratio of 10.55 and a beta of 0.87. The stock has a 50-day simple moving average of $24.19 and a 200-day simple moving average of $23.62.

Institutional Investors Weigh In On First Trust Natural Gas ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCG. Trek Financial LLC lifted its position in shares of First Trust Natural Gas ETF by 63.2% during the second quarter. Trek Financial LLC now owns 58,149 shares of the company’s stock worth $1,344,000 after acquiring an additional 22,526 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of First Trust Natural Gas ETF in the second quarter valued at $537,000. Prospera Financial Services Inc raised its stake in shares of First Trust Natural Gas ETF by 39.8% during the 2nd quarter. Prospera Financial Services Inc now owns 11,685 shares of the company’s stock valued at $270,000 after purchasing an additional 3,328 shares during the period. Pekin Hardy Strauss Inc. lifted its holdings in First Trust Natural Gas ETF by 21.0% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 15,870 shares of the company’s stock worth $367,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Corrado Advisors LLC lifted its holdings in First Trust Natural Gas ETF by 10.4% during the 2nd quarter. Corrado Advisors LLC now owns 45,182 shares of the company’s stock worth $1,044,000 after purchasing an additional 4,238 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.