MGB Wealth Management LLC Has $1.72 Million Stake in First Trust Natural Gas ETF (NYSEARCA:FCG)

MGB Wealth Management LLC lowered its position in First Trust Natural Gas ETF (NYSEARCA:FCG) by 6.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 72,290 shares of the company’s stock after selling 5,351 shares during the period. MGB Wealth Management LLC owned 0.46% of First Trust Natural Gas ETF worth $1,716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates lifted its position 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 valued at $21,772,000 after acquiring an additional 522,241 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of First Trust Natural Gas ETF by 7.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 143,918 shares of the company’s stock valued at $3,782,000 after acquiring an additional 10,235 shares during the period. PCG Wealth Advisors LLC lifted its position in shares of First Trust Natural Gas ETF by 1.1% during the 3rd quarter. PCG Wealth Advisors LLC now owns 136,350 shares of the company’s stock valued at $3,238,000 after acquiring an additional 1,542 shares during the period. Stratos Wealth Advisors LLC lifted its position in shares of First Trust Natural Gas ETF by 3.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 126,513 shares of the company’s stock valued at $3,005,000 after acquiring an additional 4,202 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted 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 acquiring an additional 8,206 shares during the period.

First Trust Natural Gas ETF Stock Up 0.6 %

First Trust Natural Gas ETF stock opened at $26.48 on Friday. First Trust Natural Gas ETF has a 12-month low of $22.42 and a 12-month high of $28.72. The firm’s fifty day moving average is $24.57 and its 200 day moving average is $25.48. The company has a market capitalization of $418.38 million, a PE 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.