International Assets Investment Management LLC Purchases 591,351 Shares of First Trust Natural Gas ETF $FCG

International Assets Investment Management LLC boosted its holdings in First Trust Natural Gas ETF (NYSEARCA:FCG) by 6,837.2% in the third quarter, Holdings Channel reports. The institutional investor owned 600,000 shares of the company’s stock after buying an additional 591,351 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Natural Gas ETF were worth $17,112,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in First Trust Natural Gas ETF by 57.8% in the 1st quarter. Cetera Investment Advisers now owns 70,540 shares of the company’s stock valued at $2,235,000 after acquiring an additional 25,825 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of First Trust Natural Gas ETF by 841.5% during the first quarter. Renaissance Technologies LLC now owns 99,800 shares of the company’s stock worth $3,163,000 after purchasing an additional 89,200 shares during the period. Royal Bank of Canada grew its stake in shares of First Trust Natural Gas ETF by 124.1% in the first quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock worth $14,646,000 after purchasing an additional 255,916 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in First Trust Natural Gas ETF in the third quarter valued at $1,612,000. Finally, Skylands Capital LLC acquired a new stake in First Trust Natural Gas ETF in the third quarter valued at $1,621,000.

First Trust Natural Gas ETF Stock Up 1.8%

Shares of NYSEARCA:FCG opened at $32.68 on Friday. The firm has a market cap of $723.86 million, a P/E ratio of 10.55 and a beta of 0.59. First Trust Natural Gas ETF has a 12-month low of $22.06 and a 12-month high of $33.03. The business has a fifty day simple moving average of $30.81 and a 200 day simple moving average of $29.06.

First Trust Natural Gas ETF 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.