Royal Bank of Canada Acquires 255,916 Shares of First Trust Natural Gas ETF $FCG

Royal Bank of Canada increased its position in First Trust Natural Gas ETF (NYSEARCA:FCG) by 124.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 462,206 shares of the company’s stock after acquiring an additional 255,916 shares during the quarter. Royal Bank of Canada owned about 1.85% of First Trust Natural Gas ETF worth $14,646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in shares of First Trust Natural Gas ETF by 38.4% in the third quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after acquiring an additional 1,040 shares during the period. IFP Advisors Inc raised its holdings in shares of First Trust Natural Gas ETF by 254.0% during the 4th quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock worth $131,000 after acquiring an additional 4,000 shares in the last quarter. Sound Income Strategies LLC bought a new position in First Trust Natural Gas ETF during the fourth quarter valued at $184,000. Kestra Private Wealth Services LLC purchased a new stake in shares of First Trust Natural Gas ETF during the 1st quarter valued at about $201,000. Finally, One Plus One Wealth Management LLC bought a new stake in shares of First Trust Natural Gas ETF in the 1st quarter valued at approximately $202,000.

First Trust Natural Gas ETF Trading Up 0.3%

FCG stock opened at $28.37 on Friday. First Trust Natural Gas ETF has a 12 month low of $21.76 and a 12 month high of $33.03. The company has a 50-day moving average price of $27.92 and a 200 day moving average price of $28.45. The stock has a market cap of $622.72 million, a PE ratio of 10.55 and a beta of 0.46.

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. 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.