UBS Group AG Increases Holdings in First Trust Natural Gas ETF $FCG

UBS Group AG raised its holdings in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) by 78.8% in the 4th quarter, HoldingsChannel reports. The fund owned 338,265 shares of the company’s stock after buying an additional 149,095 shares during the quarter. UBS Group AG’s holdings in First Trust Natural Gas ETF were worth $7,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC lifted its stake in First Trust Natural Gas ETF by 38.4% during the third quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after purchasing an additional 1,040 shares during the last quarter. Sound Income Strategies LLC acquired a new position in First Trust Natural Gas ETF in the fourth quarter valued at approximately $184,000. Stratos Wealth Partners LTD. purchased a new position in First Trust Natural Gas ETF in the fourth quarter valued at approximately $228,000. PACK Private Wealth LLC purchased a new position in First Trust Natural Gas ETF in the third quarter valued at approximately $232,000. Finally, Axxcess Wealth Management LLC acquired a new stake in First Trust Natural Gas ETF during the third quarter worth approximately $242,000.

First Trust Natural Gas ETF Trading Up 1.0%

Shares of NYSEARCA:FCG opened at $31.12 on Tuesday. The company has a market capitalization of $776.44 million, a PE ratio of 10.55 and a beta of 0.49. First Trust Natural Gas ETF has a twelve month low of $21.76 and a twelve month high of $33.03. The firm has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $26.57.

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.