Lake Hills Wealth Management LLC Invests $5.60 Million in First Trust Natural Gas ETF $FCG

Lake Hills Wealth Management LLC purchased a new stake in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 239,072 shares of the company’s stock, valued at approximately $5,597,000. First Trust Natural Gas ETF accounts for 2.9% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 14th biggest holding.

Several other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in First Trust Natural Gas ETF in the 3rd quarter worth approximately $37,000. Larson Financial Group LLC raised its stake in First Trust Natural Gas ETF by 38.4% during 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 period. Vontobel Holding Ltd. acquired a new stake in First Trust Natural Gas ETF during the 3rd quarter valued at $221,000. Jane Street Group LLC purchased a new stake in shares of First Trust Natural Gas ETF in the first quarter valued at $244,000. Finally, PACK Private Wealth LLC purchased a new stake in shares of First Trust Natural Gas ETF in the third quarter valued at $232,000.

First Trust Natural Gas ETF Stock Up 0.5%

Shares of First Trust Natural Gas ETF stock opened at $31.09 on Friday. First Trust Natural Gas ETF has a 12 month low of $18.81 and a 12 month high of $31.57. The stock has a market cap of $626.46 million, a PE ratio of 10.55 and a beta of 0.87. The business has a fifty day simple moving average of $26.72 and a 200-day simple moving average of $24.57.

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.