First Trust Natural Gas ETF (NYSEARCA:FCG) Shares Down 6%

First Trust Natural Gas ETF (NYSEARCA:FCG) traded down 6% during trading on Thursday . The company traded as low as $12.00 and last traded at $12.17, 541,567 shares traded hands during mid-day trading. An increase of 123% from the average session volume of 242,697 shares. The stock had previously closed at $12.94.

The company has a fifty day moving average price of $13.59.

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA bought a new position in First Trust Natural Gas ETF during the 2nd quarter worth about $1,345,000. Daiwa Securities Group Inc. boosted its holdings in shares of First Trust Natural Gas ETF by 17.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,400 shares of the company’s stock valued at $136,000 after buying an additional 1,400 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Natural Gas ETF by 54.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,803 shares of the company’s stock valued at $257,000 after buying an additional 6,242 shares in the last quarter. Ballew Advisors Inc boosted its holdings in shares of First Trust Natural Gas ETF by 12.8% in the 2nd quarter. Ballew Advisors Inc now owns 41,853 shares of the company’s stock valued at $574,000 after buying an additional 4,758 shares in the last quarter. Finally, Cumberland Advisors Inc. bought a new stake in shares of First Trust Natural Gas ETF in the 2nd quarter valued at about $3,141,000.

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.

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