WESPAC Advisors LLC Invests $423,000 in First Trust Natural Gas ETF (NYSEARCA:FCG)

WESPAC Advisors LLC purchased a new position in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,176 shares of the company’s stock, valued at approximately $423,000.

A number of other hedge funds have also modified their holdings of FCG. Raymond James & Associates grew its holdings in shares of First Trust Natural Gas ETF by 132.4% during the 3rd quarter. Raymond James & Associates now owns 916,711 shares of the company’s stock worth $21,772,000 after purchasing an additional 522,241 shares during the period. PCG Wealth Advisors LLC grew its holdings in shares of First Trust Natural Gas ETF by 26.0% during the 4th quarter. PCG Wealth Advisors LLC now owns 171,844 shares of the company’s stock worth $4,233,000 after purchasing an additional 35,494 shares during the period. HighTower Advisors LLC acquired a new position in First Trust Natural Gas ETF during the 3rd quarter worth about $467,000. Compass Capital Corp MA ADV acquired a new position in First Trust Natural Gas ETF during the 4th quarter worth about $360,000. Finally, JPMorgan Chase & Co. acquired a new position in First Trust Natural Gas ETF during the 3rd quarter worth about $299,000.

First Trust Natural Gas ETF Trading Down 3.4 %

FCG opened at $25.06 on Friday. The stock’s 50-day moving average price is $25.23 and its 200 day moving average price is $24.87. First Trust Natural Gas ETF has a 12-month low of $22.65 and a 12-month high of $28.72. The firm has a market cap of $395.95 million, a price-to-earnings ratio of 5.60 and a beta of 0.65.

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.