Envestnet Asset Management Inc. Increases Position in First Trust Natural Gas ETF (NYSEARCA:FCG)

Envestnet Asset Management Inc. grew its stake in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) by 24.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,903 shares of the company’s stock after buying an additional 3,734 shares during the period. Envestnet Asset Management Inc. owned 0.13% of First Trust Natural Gas ETF worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI raised its holdings in First Trust Natural Gas ETF by 126.1% during the 4th quarter. National Bank of Canada FI now owns 19,428 shares of the company’s stock valued at $479,000 after buying an additional 10,837 shares during the period. Wells Fargo & Company MN grew its position in shares of First Trust Natural Gas ETF by 270.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,042,311 shares of the company’s stock worth $25,672,000 after buying an additional 761,238 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust Natural Gas ETF in the 4th quarter worth approximately $30,366,000. Integrity Wealth Advisors Inc. purchased a new stake in shares of First Trust Natural Gas ETF during the 4th quarter worth $534,000. Finally, Main Street Financial Solutions LLC grew its position in shares of First Trust Natural Gas ETF by 21.8% in the 4th quarter. Main Street Financial Solutions LLC now owns 21,829 shares of the company’s stock worth $538,000 after buying an additional 3,910 shares during the last quarter.

First Trust Natural Gas ETF Stock Down 0.7%

Shares of NYSEARCA:FCG opened at $22.88 on Thursday. The stock has a market cap of $330.57 million, a price-to-earnings ratio of 10.55 and a beta of 1.96. The business has a 50-day moving average price of $23.49 and a 200-day moving average price of $23.42. First Trust Natural Gas ETF has a 52-week low of $18.81 and a 52-week high of $27.17.

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.