Freedom Investment Management Inc. bought a new stake in United States Natural Gas Fund LP (NYSEARCA:UNG – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,050 shares of the exchange traded fund’s stock, valued at approximately $164,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in United States Natural Gas Fund by 1,506.8% in the third quarter. International Assets Investment Management LLC now owns 46,116 shares of the exchange traded fund’s stock valued at $753,000 after buying an additional 43,246 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of United States Natural Gas Fund by 13.5% in the 2nd quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock valued at $2,054,000 after acquiring an additional 14,052 shares during the last quarter. Daymark Wealth Partners LLC raised its position in shares of United States Natural Gas Fund by 17.2% during the 3rd quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock worth $314,000 after acquiring an additional 2,825 shares in the last quarter. Sweet Financial Partners LLC lifted its stake in United States Natural Gas Fund by 18.7% during the third quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock worth $345,000 after purchasing an additional 3,325 shares during the last quarter. Finally, Creative Planning acquired a new position in United States Natural Gas Fund in the second quarter valued at approximately $379,000.
United States Natural Gas Fund Trading Up 4.5 %
UNG stock opened at $14.43 on Monday. The stock has a market cap of $831.89 million, a P/E ratio of -11.60 and a beta of 0.17. United States Natural Gas Fund LP has a twelve month low of $12.35 and a twelve month high of $27.48. The company’s 50 day moving average is $14.29 and its two-hundred day moving average is $15.45.
United States Natural Gas Fund Profile
United States Natural Gas Fund, LP is a limited partnership. The Company is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of the Company is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of the futures contracts on natural gas 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 it will be measured by the futures contract that is the next month contract to expire (the Benchmark Futures Contract), less its expenses.
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