Commonwealth Equity Services LLC Has $12.13 Million Stake in United States Gasoline Fund LP (NYSEARCA:UGA)

Commonwealth Equity Services LLC raised its holdings in United States Gasoline Fund LP (NYSEARCA:UGA) by 6.2% in the fourth quarter, Holdings Channel reports. The fund owned 192,574 shares of the company’s stock after acquiring an additional 11,164 shares during the period. Commonwealth Equity Services LLC owned 0.11% of United States Gasoline Fund worth $12,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of United States Gasoline Fund in the fourth quarter valued at about $175,000. Roman Butler Fullerton & Co. lifted its holdings in shares of United States Gasoline Fund by 4.5% in the fourth quarter. Roman Butler Fullerton & Co. now owns 9,955 shares of the company’s stock valued at $633,000 after purchasing an additional 431 shares in the last quarter. Milestone Asset Management LLC lifted its holdings in shares of United States Gasoline Fund by 51.1% in the fourth quarter. Milestone Asset Management LLC now owns 31,974 shares of the company’s stock valued at $2,014,000 after purchasing an additional 10,808 shares in the last quarter. PFG Investments LLC bought a new stake in shares of United States Gasoline Fund in the fourth quarter valued at about $253,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of United States Gasoline Fund by 28.2% in the fourth quarter. Park Avenue Securities LLC now owns 4,475 shares of the company’s stock valued at $282,000 after purchasing an additional 985 shares in the last quarter.

United States Gasoline Fund Stock Performance

Shares of United States Gasoline Fund stock opened at $60.81 on Wednesday. United States Gasoline Fund LP has a one year low of $55.37 and a one year high of $74.57. The stock’s 50-day moving average is $63.47 and its 200-day moving average is $62.01.

United States Gasoline Fund Profile

United States Gasoline Fund, LP (UGA) is a commodity pool that issues limited partnership interests (shares). The Company is engaged in the trading of futures contracts, options on futures contracts and cleared swaps (derivatives). The investment objective of UGA is for the daily changes in percentage terms of its shares’ per share net asset value to reflect the daily changes in percentage terms of the spot price of gasoline, as measured by the daily changes in the price of the futures contract for gasoline traded on the New York Mercantile Exchange (the NYMEX), that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire, less UGA’s expenses.