Commonwealth Equity Services LLC Has $1.42 Million Stock Position in First Trust Natural Gas ETF (NYSEARCA:FCG)

Commonwealth Equity Services LLC cut its stake in First Trust Natural Gas ETF (NYSEARCA:FCG) by 18.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,566 shares of the company’s stock after selling 12,710 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Trust Natural Gas ETF were worth $1,418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FCG. Raymond James Financial Inc. bought a new stake in First Trust Natural Gas ETF in the fourth quarter valued at $30,366,000. Proficio Capital Partners LLC bought a new stake in shares of First Trust Natural Gas ETF in the 4th quarter worth about $14,756,000. PCG Wealth Advisors LLC increased its position 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in First Trust Natural Gas ETF by 327.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,093 shares of the company’s stock valued at $643,000 after purchasing an additional 19,995 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in First Trust Natural Gas ETF during the 3rd quarter valued at about $467,000.

First Trust Natural Gas ETF Trading Down 0.6 %

Shares of First Trust Natural Gas ETF stock opened at $24.64 on Friday. The stock has a market capitalization of $396.70 million, a price-to-earnings ratio of 9.38 and a beta of 1.75. The firm’s 50-day moving average price is $24.80 and its two-hundred day moving average price is $24.76. First Trust Natural Gas ETF has a 1-year low of $22.20 and a 1-year high of $28.72.

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.