First Trust Natural Gas ETF (NYSEARCA:FCG) Trading Up 3.1%

First Trust Natural Gas ETF (NYSEARCA:FCG) was up 3.1% during mid-day trading on Thursday . The company traded as high as $24.71 and last traded at $24.64. Approximately 551,616 shares traded hands during trading, an increase of 135% from the average daily volume of 234,843 shares. The stock had previously closed at $23.90.

First Trust Natural Gas ETF Stock Up 3.1 %

The company has a 50 day moving average of $26.27 and a 200 day moving average of $26.10. The firm has a market cap of $389.31 million, a price-to-earnings ratio of 5.60 and a beta of 0.65.

Institutional Investors Weigh In On First Trust Natural Gas ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in First Trust Natural Gas ETF by 7.7% in the second quarter. Commonwealth Equity Services LLC now owns 143,918 shares of the company’s stock worth $3,782,000 after purchasing an additional 10,235 shares during the period. International Assets Investment Management LLC acquired a new position in shares of First Trust Natural Gas ETF in the 2nd quarter valued at about $49,000. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Natural Gas ETF by 14.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 64,710 shares of the company’s stock valued at $1,701,000 after buying an additional 8,206 shares during the last quarter. Raymond James Trust N.A. raised its stake in First Trust Natural Gas ETF by 27.9% during the second quarter. Raymond James Trust N.A. now owns 18,320 shares of the company’s stock worth $481,000 after acquiring an additional 4,000 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in First Trust Natural Gas ETF by 26.3% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 31,531 shares of the company’s stock worth $829,000 after acquiring an additional 6,561 shares during 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.