PCG Wealth Advisors LLC Reduces Stake in First Trust Natural Gas ETF $FCG

PCG Wealth Advisors LLC reduced its holdings in First Trust Natural Gas ETF (NYSEARCA:FCG) by 36.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,147 shares of the company’s stock after selling 57,974 shares during the quarter. PCG Wealth Advisors LLC owned about 0.47% of First Trust Natural Gas ETF worth $2,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Western Wealth Management LLC purchased a new stake in First Trust Natural Gas ETF in the first quarter worth $60,000. Larson Financial Group LLC raised its holdings in First Trust Natural Gas ETF by 38.4% in the 3rd quarter. Larson Financial Group LLC now owns 3,745 shares of the company’s stock worth $88,000 after purchasing an additional 1,040 shares in the last quarter. JTC Employer Solutions Trustee Ltd bought a new position in First Trust Natural Gas ETF in the 1st quarter worth $114,000. IFP Advisors Inc boosted its stake 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 valued at $131,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of First Trust Natural Gas ETF during the first quarter valued at about $201,000.

First Trust Natural Gas ETF Price Performance

FCG stock opened at $31.43 on Friday. First Trust Natural Gas ETF has a 1 year low of $21.76 and a 1 year high of $33.03. The company has a market cap of $689.89 million, a P/E ratio of 10.55 and a beta of 0.47. The firm has a 50-day moving average of $29.00 and a 200 day moving average of $29.23.

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.