First Trust Natural Gas ETF $FCG Shares Bought by Skylands Capital LLC

Skylands Capital LLC lifted its stake in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) by 53.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,500 shares of the company’s stock after purchasing an additional 27,600 shares during the quarter. Skylands Capital LLC’s holdings in First Trust Natural Gas ETF were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FCG. Jane Street Group LLC acquired a new stake in First Trust Natural Gas ETF in the first quarter worth $244,000. IFP Advisors Inc increased its holdings in shares of First Trust Natural Gas ETF by 95.2% in the 2nd quarter. IFP Advisors Inc now owns 3,075 shares of the company’s stock worth $71,000 after acquiring an additional 1,500 shares during the period. Corrado Advisors LLC lifted its position in First Trust Natural Gas ETF by 10.4% in the 2nd quarter. Corrado Advisors LLC now owns 45,182 shares of the company’s stock valued at $1,044,000 after purchasing an additional 4,238 shares during the last quarter. Sigma Planning Corp bought a new position in First Trust Natural Gas ETF in the 2nd quarter worth about $537,000. Finally, Pekin Hardy Strauss Inc. increased its stake in shares of First Trust Natural Gas ETF by 21.0% in the second quarter. Pekin Hardy Strauss Inc. now owns 15,870 shares of the company’s stock valued at $367,000 after purchasing an additional 2,750 shares during the period.

First Trust Natural Gas ETF Trading Down 0.7%

Shares of NYSEARCA FCG opened at $26.03 on Wednesday. First Trust Natural Gas ETF has a 12-month low of $18.81 and a 12-month high of $26.35. The company has a market cap of $524.50 million, a PE ratio of 10.55 and a beta of 0.87. The stock has a 50 day simple moving average of $24.15 and a 200-day simple moving average of $23.60.

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.