First Trust Natural Gas ETF (NYSEARCA:FCG) Trading Down 0.5% – Here’s Why

First Trust Natural Gas ETF (NYSEARCA:FCG) dropped 0.5% during trading on Friday . The stock traded as low as $29.09 and last traded at $29.13. 914,498 shares changed hands during trading, a decline of 18% from the average daily volume of 1,120,713 shares. The stock had previously closed at $29.29.

First Trust Natural Gas ETF Stock Down 0.5%

The stock has a market cap of $642.32 million, a P/E ratio of 10.55 and a beta of 0.45. The business’s 50-day simple moving average is $28.21 and its two-hundred day simple moving average is $28.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Gendell Jeffrey L boosted its holdings in First Trust Natural Gas ETF by 396.8% in the 4th quarter. Gendell Jeffrey L now owns 943,874 shares of the company’s stock worth $22,096,000 after buying an additional 753,874 shares during the period. LPL Financial LLC lifted its position in shares of First Trust Natural Gas ETF by 38.7% during the fourth quarter. LPL Financial LLC now owns 612,446 shares of the company’s stock worth $14,337,000 after acquiring an additional 170,761 shares in the last quarter. Financial Sense Advisors Inc. lifted its position in shares of First Trust Natural Gas ETF by 370.7% during the third quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock worth $12,606,000 after acquiring an additional 422,638 shares in the last quarter. Guardian Partners Inc. boosted its holdings in shares of First Trust Natural Gas ETF by 451.8% in the first quarter. Guardian Partners Inc. now owns 511,001 shares of the company’s stock worth $16,240,000 after acquiring an additional 418,401 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of First Trust Natural Gas ETF by 124.1% in the first quarter. Royal Bank of Canada now owns 462,206 shares of the company’s stock worth $14,646,000 after acquiring an additional 255,916 shares during the period.

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.