First Trust Natural Gas ETF (NYSEARCA:FCG) Sets New 52-Week High – Still a Buy?

First Trust Natural Gas ETF (NYSEARCA:FCG) hit a new 52-week high on Monday . The company traded as high as $26.24 and last traded at $26.2640, with a volume of 300524 shares. The stock had previously closed at $26.18.

First Trust Natural Gas ETF Stock Performance

The stock has a market cap of $524.50 million, a P/E ratio of 10.55 and a beta of 0.87. The stock has a 50-day moving average price of $24.12 and a 200-day moving average price of $23.58.

Institutional Trading of First Trust Natural Gas ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in First Trust Natural Gas ETF in the 3rd quarter worth approximately $37,000. IFP Advisors Inc raised its stake in shares of First Trust Natural Gas ETF by 95.2% during the second quarter. IFP Advisors Inc now owns 3,075 shares of the company’s stock worth $71,000 after acquiring an additional 1,500 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of First Trust Natural Gas ETF by 38.4% in the 3rd quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after acquiring an additional 1,040 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of First Trust Natural Gas ETF in the 4th quarter worth approximately $184,000. Finally, Vontobel Holding Ltd. bought a new position in shares of First Trust Natural Gas ETF during the 3rd quarter valued at $221,000.

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.