First Trust Natural Gas ETF (NYSEARCA:FCG) Sets New 1-Year High – Should You Buy?

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 $29.75 and last traded at $29.75, with a volume of 371262 shares trading hands. The stock had previously closed at $29.71.

First Trust Natural Gas ETF Stock Up 1.1%

The company has a market cap of $605.10 million, a P/E ratio of 10.55 and a beta of 0.87. The stock has a 50 day moving average price of $25.98 and a two-hundred day moving average price of $24.35.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FCG. Trek Financial LLC boosted its position in shares of First Trust Natural Gas ETF by 63.2% in the second quarter. Trek Financial LLC now owns 58,149 shares of the company’s stock valued at $1,344,000 after acquiring an additional 22,526 shares during the period. Skylands Capital LLC increased its position in First Trust Natural Gas ETF by 53.2% during the third quarter. Skylands Capital LLC now owns 79,500 shares of the company’s stock worth $1,867,000 after acquiring an additional 27,600 shares during the period. Rockefeller Capital Management L.P. bought a new position in First Trust Natural Gas ETF during the second quarter worth about $316,000. Prospera Financial Services Inc raised its stake in First Trust Natural Gas ETF by 39.8% in the 2nd quarter. Prospera Financial Services Inc now owns 11,685 shares of the company’s stock worth $270,000 after purchasing an additional 3,328 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in First Trust Natural Gas ETF in the 2nd quarter worth about $291,000.

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.