Riggs Asset Managment Co. Inc. Makes New Investment in First Trust Natural Gas ETF $FCG

Riggs Asset Managment Co. Inc. acquired a new stake in First Trust Natural Gas ETF (NYSEARCA:FCG) in the fourth quarter, Holdings Channel reports. The fund acquired 186,717 shares of the company’s stock, valued at approximately $4,371,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Sense Advisors Inc. raised its position in shares of First Trust Natural Gas ETF by 370.7% during the third quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock worth $12,606,000 after purchasing an additional 422,638 shares during the period. Quadrature Capital Ltd acquired a new stake in First Trust Natural Gas ETF in the 3rd quarter valued at $5,905,000. BNP Paribas Financial Markets increased its stake in First Trust Natural Gas ETF by 403,125.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock valued at $5,778,000 after purchasing an additional 249,938 shares in the last quarter. Lake Hills Wealth Management LLC bought a new stake in First Trust Natural Gas ETF during the 4th quarter valued at $5,597,000. Finally, Ethos Financial Group LLC acquired a new position in First Trust Natural Gas ETF during the fourth quarter worth $2,289,000.

First Trust Natural Gas ETF Trading Up 1.1%

First Trust Natural Gas ETF stock opened at $30.11 on Friday. First Trust Natural Gas ETF has a 1-year low of $20.65 and a 1-year high of $33.03. The firm has a market capitalization of $734.68 million, a price-to-earnings ratio of 10.55 and a beta of 0.54. The firm’s fifty day moving average price is $29.45 and its two-hundred day moving average price is $25.73.

First Trust Natural Gas ETF 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.