NTV Asset Management LLC Makes New $1.07 Million Investment in First Trust Natural Gas ETF $FCG

NTV Asset Management LLC purchased a new position in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,685 shares of the company’s stock, valued at approximately $1,075,000.

Several other large investors have also recently added to or reduced their stakes in FCG. Adirondack Trust Co. purchased a new position in First Trust Natural Gas ETF in the third quarter valued at about $57,000. Western Wealth Management LLC acquired a new position in shares of First Trust Natural Gas ETF during the first quarter worth about $60,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of First Trust Natural Gas ETF during the first quarter worth about $114,000. Kestra Private Wealth Services LLC purchased a new stake in shares of First Trust Natural Gas ETF in the first quarter worth about $201,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of First Trust Natural Gas ETF by 8.0% in the second quarter. Integrated Wealth Concepts LLC now owns 8,222 shares of the company’s stock worth $219,000 after buying an additional 612 shares during the period.

First Trust Natural Gas ETF Price Performance

Shares of NYSEARCA FCG opened at $32.12 on Monday. First Trust Natural Gas ETF has a 1-year low of $21.95 and a 1-year high of $33.03. The company has a market capitalization of $701.82 million, a price-to-earnings ratio of 10.55 and a beta of 0.59. The business has a 50-day moving average of $30.67 and a 200-day moving average of $29.48.

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.