First Trust Natural Gas ETF (NYSEARCA:FCG) Shares Gap Down to $27.43

First Trust Natural Gas ETF (NYSEARCA:FCGGet Rating)’s share price gapped down before the market opened on Friday . The stock had previously closed at $27.43, but opened at $26.48. First Trust Natural Gas ETF shares last traded at $26.80, with a volume of 10,557 shares changing hands.

First Trust Natural Gas ETF Trading Down 1.2 %

The stock’s 50-day simple moving average is $25.94 and its two-hundred day simple moving average is $25.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FCG. Simplex Trading LLC boosted its holdings in First Trust Natural Gas ETF by 57.9% in the first quarter. Simplex Trading LLC now owns 24,059 shares of the company’s stock valued at $586,000 after acquiring an additional 8,824 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in First Trust Natural Gas ETF during the first quarter worth $5,444,000. Commonwealth Equity Services LLC raised its holdings in shares of First Trust Natural Gas ETF by 1,234.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 563,734 shares of the company’s stock valued at $13,749,000 after buying an additional 521,485 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of First Trust Natural Gas ETF in the 1st quarter valued at about $1,006,000. Finally, Advisor Group Holdings Inc. increased its stake in First Trust Natural Gas ETF by 100.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 105,257 shares of the company’s stock valued at $2,641,000 after purchasing an additional 52,767 shares in the last quarter.

First Trust Natural Gas ETF Company Profile

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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.

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