First Trust Natural Gas ETF (NYSEARCA:FCG) Sets New 12-Month High – Here’s What Happened

First Trust Natural Gas ETF (NYSEARCA:FCG)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $26.84 and last traded at $25.94, with a volume of 80129 shares trading hands. The stock had previously closed at $26.59.

First Trust Natural Gas ETF Stock Performance

The firm has a fifty day moving average of $24.27 and a 200 day moving average of $23.67. The firm has a market capitalization of $522.97 million, a PE ratio of 10.55 and a beta of 0.87.

Institutional Inflows and Outflows

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

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.