Guardian Partners Inc. Raises Stock Position in First Trust Natural Gas ETF $FCG

Guardian Partners Inc. raised its holdings in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) by 451.8% during the first quarter, Holdings Channel.com reports. The fund owned 511,001 shares of the company’s stock after buying an additional 418,401 shares during the period. First Trust Natural Gas ETF accounts for approximately 1.4% of Guardian Partners Inc.’s portfolio, making the stock its 24th largest position. Guardian Partners Inc.’s holdings in First Trust Natural Gas ETF were worth $16,240,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in First Trust Natural Gas ETF by 124.1% during the 1st quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock valued at $14,646,000 after purchasing an additional 255,916 shares during the period. Renaissance Technologies LLC grew its holdings in First Trust Natural Gas ETF by 841.5% during the 1st quarter. Renaissance Technologies LLC now owns 99,800 shares of the company’s stock valued at $3,163,000 after buying an additional 89,200 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Natural Gas ETF by 57.8% during the first quarter. Cetera Investment Advisers now owns 70,540 shares of the company’s stock valued at $2,235,000 after buying an additional 25,825 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of First Trust Natural Gas ETF by 38.4% in the first quarter. D.A. Davidson & CO. now owns 62,317 shares of the company’s stock worth $1,975,000 after buying an additional 17,275 shares in the last quarter. Finally, IMC Chicago LLC bought a new position in shares of First Trust Natural Gas ETF during the first quarter worth $309,000.

First Trust Natural Gas ETF Stock Performance

Shares of NYSEARCA FCG opened at $27.62 on Wednesday. The company has a market cap of $609.02 million, a P/E ratio of 10.55 and a beta of 0.45. First Trust Natural Gas ETF has a 52-week low of $21.76 and a 52-week high of $33.03. The firm’s fifty day moving average is $28.07 and its two-hundred day moving average is $28.20.

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.