MGB Wealth Management LLC Has $1.72 Million Stock Holdings in First Trust Natural Gas ETF (NYSEARCA:FCG)

MGB Wealth Management LLC decreased its holdings in shares of First Trust Natural Gas ETF (NYSEARCA:FCG) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 72,290 shares of the company’s stock after selling 5,351 shares during the period. MGB Wealth Management LLC’s holdings in First Trust Natural Gas ETF were worth $1,716,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FCG. First Personal Financial Services bought a new stake in shares of First Trust Natural Gas ETF in the 3rd quarter worth $25,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Natural Gas ETF in the 2nd quarter worth $49,000. Pekin Hardy Strauss Inc. bought a new stake in shares of First Trust Natural Gas ETF in the 2nd quarter worth $202,000. Beck Capital Management LLC bought a new stake in shares of First Trust Natural Gas ETF in the 2nd quarter worth $227,000. Finally, Wealth Effects LLC bought a new stake in shares of First Trust Natural Gas ETF in the 3rd quarter worth $255,000.

First Trust Natural Gas ETF Price Performance

NYSEARCA FCG opened at $26.48 on Friday. First Trust Natural Gas ETF has a 1 year low of $22.42 and a 1 year high of $28.72. The firm has a market cap of $418.38 million, a price-to-earnings ratio of 5.60 and a beta of 0.65. The company has a fifty day moving average price of $24.57 and a 200-day moving average price of $25.48.

About First Trust Natural Gas ETF

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.