FCG - First Trust Natural Gas ETF
|Ex-Dividend Date||Mar 25, 2021|
|Trading Day||April 13|
|Day's Range||12.19 - 12.42|
|52-Week Range||5.12 - 14.26|
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE-Revere Natural Gas" Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks, depositary receipts and MLP units that comprise the index. The index is designed to track the performance of mid and large capitalization companies that derive a substantial portion of their revenues from midstream activities and/or the exploration and production of natural gas.
|Asset Class |
|Inception Date |
May 8, 2007
|Ticker Symbol |
|Index Tracked |
ISE-Revere Natural Gas Index
Top 10 Holdings45.20% of assets
|Western Midstream Partners||WES||5.00%|
|Pioneer Natural Resources||PXD||4.35%|
|Mar 25, 2021||$0.0366||Mar 31, 2021|
|Dec 24, 2020||$0.1495||Dec 31, 2020|
|Sep 24, 2020||$0.0729||Sep 30, 2020|
|Jun 25, 2020||$0.0569||Jun 30, 2020|
|Mar 26, 2020||$0.0578||Mar 31, 2020|
|Dec 13, 2019||$0.1248||Dec 31, 2019|
Despite the rally, the outlook for the energy sector looks bleak given worries over the outlook for oil demand.
While every sector of the market has rallied, information technology and consumer discretionary has been the clear winner during the pandemic.
The once beaten down natural gas sector-specific exchange traded fund has surged over the past month as U.S. crude oil producers turn off supply and investors bet on higher natgas prices.
Assumptions of lower production and higher power demand boost natural gas ETFs in recent sessions.
The OPEC and its allies including Russia are reportedly in discussion for deeper output cuts by another 500,000 barrels a day to stabilize the coronavirus-infected oil price.
Natural gas ETFs are riding high on weather concerns and EIA report. But the rally is less likely to last.