Global Wealth Strategies & Associates Boosts Holdings in First Trust Natural Gas ETF $FCG

Global Wealth Strategies & Associates raised its position in First Trust Natural Gas ETF (NYSEARCA:FCG) by 277.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,227 shares of the company’s stock after acquiring an additional 43,516 shares during the period. Global Wealth Strategies & Associates owned approximately 0.24% of First Trust Natural Gas ETF worth $1,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in First Trust Natural Gas ETF in the first quarter valued at about $60,000. Larson Financial Group LLC raised its position in shares of First Trust Natural Gas ETF by 38.4% in the 3rd 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. JTC Employer Solutions Trustee Ltd purchased a new position in shares of First Trust Natural Gas ETF in the 1st quarter valued at approximately $114,000. IFP Advisors Inc boosted its stake in First Trust Natural Gas ETF by 254.0% in the 4th quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $131,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in First Trust Natural Gas ETF in the 4th quarter worth approximately $184,000.

First Trust Natural Gas ETF Stock Performance

NYSEARCA:FCG opened at $29.35 on Monday. The company has a market cap of $641.30 million, a PE ratio of 10.55 and a beta of 0.45. First Trust Natural Gas ETF has a twelve month low of $21.76 and a twelve month high of $33.03. The company’s 50 day moving average is $27.98 and its two-hundred day moving average is $28.32.

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.