First Trust Natural Gas ETF (NYSEARCA:FCG) Hits New 1-Year High – Here’s Why

First Trust Natural Gas ETF (NYSEARCA:FCG) reached a new 52-week high during trading on Monday . The company traded as high as $33.01 and last traded at $33.01, with a volume of 6978 shares. The stock had previously closed at $32.74.

First Trust Natural Gas ETF Stock Down 1.9%

The firm has a market cap of $638.55 million, a PE ratio of 10.55 and a beta of 0.87. The firm’s fifty day simple moving average is $27.88 and its two-hundred day simple moving average is $25.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Corecam Pte. Ltd. purchased a new stake in First Trust Natural Gas ETF in the 4th quarter worth $494,000. Grand Central Investment Group purchased a new position in shares of First Trust Natural Gas ETF in the fourth quarter valued at about $1,852,000. PACK Private Wealth LLC boosted its stake in shares of First Trust Natural Gas ETF by 18.6% in the fourth quarter. PACK Private Wealth LLC now owns 11,698 shares of the company’s stock worth $274,000 after acquiring an additional 1,835 shares during the period. Main Street Financial Solutions LLC boosted its stake in shares of First Trust Natural Gas ETF by 135.7% in the fourth quarter. Main Street Financial Solutions LLC now owns 40,012 shares of the company’s stock worth $937,000 after acquiring an additional 23,033 shares during the period. Finally, Integrity Wealth Advisors Inc. grew its position in shares of First Trust Natural Gas ETF by 7.4% during the fourth quarter. Integrity Wealth Advisors Inc. now owns 18,736 shares of the company’s stock worth $439,000 after purchasing an additional 1,299 shares in the last quarter.

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.