Davis Investment Partners LLC Decreases Stock Position in First Trust Natural Gas ETF $FCG

Davis Investment Partners LLC trimmed its position in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) by 29.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 63,345 shares of the company’s stock after selling 25,836 shares during the period. Davis Investment Partners LLC’s holdings in First Trust Natural Gas ETF were worth $1,510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCG. Financial Sense Advisors Inc. lifted its holdings in First Trust Natural Gas ETF by 370.7% in the 3rd quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock worth $12,606,000 after buying an additional 422,638 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of First Trust Natural Gas ETF during the third quarter valued at about $5,905,000. BNP Paribas Financial Markets increased its position in shares of First Trust Natural Gas ETF by 403,125.8% during the second quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock worth $5,778,000 after acquiring an additional 249,938 shares during the last quarter. UBS Group AG increased its position in shares of First Trust Natural Gas ETF by 101.4% during the third quarter. UBS Group AG now owns 189,170 shares of the company’s stock worth $4,444,000 after acquiring an additional 95,262 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of First Trust Natural Gas ETF by 103.5% in the second quarter. Tower Research Capital LLC TRC now owns 61,609 shares of the company’s stock worth $1,424,000 after acquiring an additional 31,337 shares in the last quarter.

First Trust Natural Gas ETF Stock Performance

Shares of FCG opened at $30.95 on Friday. The company has a market capitalization of $623.64 million, a P/E ratio of 10.55 and a beta of 0.87. First Trust Natural Gas ETF has a one year low of $18.81 and a one year high of $31.36. The stock has a 50-day moving average price of $26.56 and a 200 day moving average price of $24.52.

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.