Raymond James Financial Inc. Takes Position in First Trust Natural Gas ETF (NYSEARCA:FCG)

Raymond James Financial Inc. purchased a new position in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,232,894 shares of the company’s stock, valued at approximately $30,366,000. Raymond James Financial Inc. owned 0.08% of First Trust Natural Gas ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of FCG. Larson Financial Group LLC lifted its position in shares of First Trust Natural Gas ETF by 33.4% during the 3rd quarter. Larson Financial Group LLC now owns 2,475 shares of the company’s stock valued at $59,000 after acquiring an additional 620 shares during the period. Adirondack Trust Co. bought a new position in shares of First Trust Natural Gas ETF in the fourth quarter worth $79,000. Allworth Financial LP acquired a new position in First Trust Natural Gas ETF in the fourth quarter valued at about $113,000. Daiwa Securities Group Inc. lifted its position in First Trust Natural Gas ETF by 23.9% during the third quarter. Daiwa Securities Group Inc. now owns 8,300 shares of the company’s stock worth $197,000 after purchasing an additional 1,600 shares during the period. Finally, National Bank of Canada FI lifted its position in First Trust Natural Gas ETF by 910.7% during the third quarter. National Bank of Canada FI now owns 8,591 shares of the company’s stock worth $204,000 after purchasing an additional 7,741 shares during the period.

First Trust Natural Gas ETF Stock Up 3.2 %

FCG stock opened at $23.86 on Friday. The company’s 50-day moving average price is $25.08 and its two-hundred day moving average price is $24.73. The firm has a market cap of $416.36 million, a P/E ratio of 8.64 and a beta of 1.75. First Trust Natural Gas ETF has a 12 month low of $22.20 and a 12 month high of $28.72.

First Trust Natural Gas ETF Company 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.