First Trust Natural Gas ETF (NYSEARCA:FCG) Sets New 52-Week High – Still a Buy?

First Trust Natural Gas ETF (NYSEARCA:FCG)’s stock price reached a new 52-week high on Monday . The company traded as high as $29.06 and last traded at $28.5980, with a volume of 526507 shares traded. The stock had previously closed at $27.93.

First Trust Natural Gas ETF Price Performance

The firm has a market cap of $575.56 million, a PE ratio of 10.55 and a beta of 0.87. The company has a 50 day simple moving average of $24.87 and a 200-day simple moving average of $23.94.

Institutional Trading of First Trust Natural Gas ETF

Several hedge funds have recently added to or reduced their stakes in the business. Capital Square LLC increased its holdings in shares of First Trust Natural Gas ETF by 5.5% in the third quarter. Capital Square LLC now owns 13,260 shares of the company’s stock worth $311,000 after buying an additional 693 shares during the period. Beck Capital Management LLC grew its position in First Trust Natural Gas ETF by 8.6% during the 4th quarter. Beck Capital Management LLC now owns 11,338 shares of the company’s stock worth $265,000 after acquiring an additional 900 shares during the last quarter. National Bank of Canada FI increased its stake in First Trust Natural Gas ETF by 4.6% in the 3rd quarter. National Bank of Canada FI now owns 21,855 shares of the company’s stock worth $513,000 after purchasing an additional 955 shares during the period. Larson Financial Group LLC lifted its position in First Trust Natural Gas ETF by 38.4% in the third quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock valued at $88,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust Natural Gas ETF by 11.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,603 shares of the company’s stock valued at $243,000 after purchasing an additional 1,064 shares during the period.

First Trust Natural Gas ETF Company 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.