First Trust Natural Gas ETF (NYSEARCA:FCG) Hits 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 Tuesday . The company traded as high as $31.92 and last traded at $31.87, with a volume of 447111 shares traded. The stock had previously closed at $30.90.

First Trust Natural Gas ETF Stock Up 2.9%

The firm has a 50 day moving average of $26.87 and a two-hundred day moving average of $24.63. The firm has a market capitalization of $640.57 million, a price-to-earnings ratio of 10.55 and a beta of 0.87.

Institutional Investors Weigh In On First Trust Natural Gas ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FCG. Farther Finance Advisors LLC bought a new stake in shares of First Trust Natural Gas ETF during the 3rd quarter valued at approximately $37,000. Larson Financial Group LLC boosted 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 buying an additional 1,040 shares in the last quarter. IFP Advisors Inc boosted its position in First Trust Natural Gas ETF by 254.0% in the fourth quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $131,000 after buying an additional 4,000 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of First Trust Natural Gas ETF during the fourth quarter worth $184,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of First Trust Natural Gas ETF during the third quarter worth $221,000.

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.