Brown Miller Wealth Management LLC Takes Position in First Trust Natural Gas ETF $FCG

Brown Miller Wealth Management LLC acquired a new position in First Trust Natural Gas ETF (NYSEARCA:FCG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,600 shares of the company’s stock, valued at approximately $482,000. Brown Miller Wealth Management LLC owned about 0.11% of First Trust Natural Gas ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lake Hills Wealth Management LLC purchased a new position in shares of First Trust Natural Gas ETF in the fourth quarter worth approximately $5,597,000. Skylands Capital LLC boosted its holdings in shares of First Trust Natural Gas ETF by 53.2% in the third quarter. Skylands Capital LLC now owns 79,500 shares of the company’s stock worth $1,867,000 after buying an additional 27,600 shares during the last quarter. Ethos Financial Group LLC purchased a new position in shares of First Trust Natural Gas ETF in the fourth quarter worth approximately $2,289,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Trust Natural Gas ETF by 11.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,603 shares of the company’s stock worth $243,000 after buying an additional 1,064 shares during the last quarter. Finally, Financial Sense Advisors Inc. boosted its holdings in shares of First Trust Natural Gas ETF by 370.7% in the third quarter. Financial Sense Advisors Inc. now owns 536,663 shares of the company’s stock worth $12,606,000 after buying an additional 422,638 shares during the last quarter.

First Trust Natural Gas ETF Stock Performance

FCG opened at $29.97 on Monday. The company has a market cap of $789.71 million, a price-to-earnings ratio of 10.55 and a beta of 0.54. The company’s 50 day moving average is $28.83 and its 200 day moving average is $25.41. First Trust Natural Gas ETF has a 12-month low of $19.51 and a 12-month high of $33.03.

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. 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.