First Trust Natural Gas ETF (NYSEARCA:FCG) Reaches 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 Monday . The stock traded as high as $29.06 and last traded at $28.5980, with a volume of 526507 shares. The stock had previously closed at $27.93.

First Trust Natural Gas ETF Trading Up 2.3%

The stock has a market cap of $575.56 million, a PE ratio of 10.55 and a beta of 0.87. The firm has a fifty day simple moving average of $24.87 and a two-hundred day simple moving average of $23.94.

Hedge Funds Weigh In On First Trust Natural Gas ETF

A number of institutional investors have recently made changes to their positions in FCG. Gendell Jeffrey L raised its position in shares of First Trust Natural Gas ETF by 396.8% during the 4th quarter. Gendell Jeffrey L now owns 943,874 shares of the company’s stock valued at $22,096,000 after buying an additional 753,874 shares in the last quarter. LPL Financial LLC raised its position in First Trust Natural Gas ETF by 38.7% during the fourth quarter. LPL Financial LLC now owns 612,446 shares of the company’s stock valued at $14,337,000 after purchasing an additional 170,761 shares in the last quarter. Financial Sense Advisors Inc. lifted its stake in First Trust Natural Gas ETF by 370.7% during the third quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock worth $12,606,000 after purchasing an additional 422,638 shares during the last quarter. Wells Fargo & Company MN lifted its stake in First Trust Natural Gas ETF by 12.5% during the fourth quarter. Wells Fargo & Company MN now owns 392,350 shares of the company’s stock worth $9,185,000 after purchasing an additional 43,481 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of First Trust Natural Gas ETF by 78.8% in the 4th quarter. UBS Group AG now owns 338,265 shares of the company’s stock worth $7,919,000 after purchasing an additional 149,095 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.