First Trust Natural Gas ETF (NYSEARCA:FCG) Hits New 52-Week High – Should You Buy?

First Trust Natural Gas ETF (NYSEARCA:FCG)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.88 and last traded at $27.4760, with a volume of 153804 shares trading hands. The stock had previously closed at $27.61.

First Trust Natural Gas ETF Stock Down 0.2%

The company has a market capitalization of $546.57 million, a price-to-earnings ratio of 10.55 and a beta of 0.87. The stock’s 50-day simple moving average is $24.62 and its two-hundred day simple moving average is $23.85.

Institutional Trading of First Trust Natural Gas ETF

A number of institutional investors have recently bought and sold shares of FCG. Farther Finance Advisors LLC purchased a new position in shares of First Trust Natural Gas ETF in the 3rd quarter valued at about $37,000. Larson Financial Group LLC boosted its holdings in First Trust Natural Gas ETF by 38.4% in the third quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock valued at $88,000 after purchasing an additional 1,040 shares in the last quarter. IFP Advisors Inc increased its stake in First Trust Natural Gas ETF by 254.0% in the fourth quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $131,000 after purchasing an additional 4,000 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in First Trust Natural Gas ETF during the fourth quarter worth approximately $184,000. Finally, Vontobel Holding Ltd. acquired a new stake in First Trust Natural Gas ETF during the third quarter worth approximately $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.