Bank of America Corp DE Sells 34,149 Shares of First Trust Natural Gas ETF (NYSEARCA:FCG)

Bank of America Corp DE decreased its holdings in First Trust Natural Gas ETF (NYSEARCA:FCG) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 301,123 shares of the company’s stock after selling 34,149 shares during the quarter. Bank of America Corp DE owned 1.91% of First Trust Natural Gas ETF worth $7,417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of First Trust Natural Gas ETF by 1.9% in the 4th quarter. Ameriprise Financial Inc. now owns 681,089 shares of the company’s stock worth $16,776,000 after buying an additional 12,674 shares during the last quarter. Stifel Financial Corp bought a new position in First Trust Natural Gas ETF in the fourth quarter valued at about $437,000. Tower Research Capital LLC TRC boosted its position in First Trust Natural Gas ETF by 68.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,914 shares of the company’s stock worth $220,000 after purchasing an additional 3,614 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of First Trust Natural Gas ETF by 785.5% during the 4th quarter. NewEdge Advisors LLC now owns 19,011 shares of the company’s stock valued at $468,000 after purchasing an additional 16,864 shares during the period. Finally, Main Street Financial Solutions LLC grew its stake in shares of First Trust Natural Gas ETF by 21.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 21,829 shares of the company’s stock valued at $538,000 after purchasing an additional 3,910 shares during the period.

First Trust Natural Gas ETF Stock Up 0.3%

NYSEARCA FCG opened at $22.25 on Monday. The company has a 50-day moving average price of $22.24 and a 200-day moving average price of $24.03. First Trust Natural Gas ETF has a 52 week low of $18.81 and a 52 week high of $27.76. The firm has a market capitalization of $330.41 million, a P/E ratio of 9.26 and a beta of 0.89.

About First Trust Natural Gas ETF

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.