First Trust Natural Gas ETF (NYSEARCA:FCG) Shares Down 5.1%

First Trust Natural Gas ETF (NYSEARCA:FCG)’s stock price was down 5.1% on Wednesday . The company traded as low as $10.70 and last traded at $10.79, approximately 895,728 shares traded hands during mid-day trading. An increase of 240% from the average daily volume of 263,732 shares. The stock had previously closed at $11.37.

The stock has a 50-day moving average price of $13.01.

A number of large investors have recently modified their holdings of the business. Cumberland Advisors Inc. purchased a new position in First Trust Natural Gas ETF in the 2nd quarter worth about $3,141,000. BNP Paribas Arbitrage SA purchased a new position in First Trust Natural Gas ETF in the 2nd quarter worth about $1,345,000. Morgan Stanley grew its stake in shares of First Trust Natural Gas ETF by 4.8% during the 2nd quarter. Morgan Stanley now owns 73,398 shares of the company’s stock valued at $1,064,000 after purchasing an additional 3,377 shares during the period. Bank of America Corp DE grew its stake in shares of First Trust Natural Gas ETF by 415.7% during the 4th quarter. Bank of America Corp DE now owns 73,089 shares of the company’s stock valued at $1,074,000 after purchasing an additional 58,917 shares during the period. Finally, Ballew Advisors Inc grew its stake in shares of First Trust Natural Gas ETF by 12.8% during the 2nd quarter. Ballew Advisors Inc now owns 41,853 shares of the company’s stock valued at $574,000 after purchasing an additional 4,758 shares during the period.

About First Trust Natural Gas ETF (NYSEARCA:FCG)

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.

Further Reading: What is the accumulation/distribution indicator?

Receive News & Ratings for First Trust Natural Gas ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Natural Gas ETF and related companies with MarketBeat.com's FREE daily email newsletter.