Adirondack Trust Co. Makes New $79,000 Investment in First Trust Natural Gas ETF (NYSEARCA:FCG)

Adirondack Trust Co. purchased a new stake in First Trust Natural Gas ETF (NYSEARCA:FCG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,213 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds also recently made changes to their positions in FCG. Raymond James & Associates boosted its position in First Trust Natural Gas ETF by 132.4% during the third quarter. Raymond James & Associates now owns 916,711 shares of the company’s stock valued at $21,772,000 after acquiring an additional 522,241 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of First Trust Natural Gas ETF during the 2nd quarter valued at about $663,000. HighTower Advisors LLC acquired a new stake in First Trust Natural Gas ETF during the third quarter worth approximately $467,000. JPMorgan Chase & Co. bought a new stake in First Trust Natural Gas ETF in the third quarter worth approximately $299,000. Finally, Wealth Effects LLC acquired a new position in First Trust Natural Gas ETF in the third quarter valued at approximately $255,000.

First Trust Natural Gas ETF Stock Performance

First Trust Natural Gas ETF stock opened at $26.54 on Thursday. The stock’s 50 day moving average price is $25.24 and its two-hundred day moving average price is $24.98. The stock has a market capitalization of $419.33 million, a price-to-earnings ratio of 5.60 and a beta of 0.65. First Trust Natural Gas ETF has a 52-week low of $22.42 and a 52-week high of $28.72.

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.