Wakefield Asset Management LLLP purchased a new position in United States Natural Gas Fund LP (NYSEARCA:UNG – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 47,808 shares of the exchange traded fund’s stock, valued at approximately $586,000. Wakefield Asset Management LLLP owned approximately 0.16% of United States Natural Gas Fund at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of UNG. Jump Financial LLC purchased a new stake in United States Natural Gas Fund during the 3rd quarter valued at about $7,376,000. Virtu Financial LLC purchased a new stake in United States Natural Gas Fund during the 3rd quarter valued at about $5,004,000. Flow Traders U.S. LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at about $4,665,000. JPMorgan Chase & Co. boosted its holdings in shares of United States Natural Gas Fund by 258.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 220,620 shares of the exchange traded fund’s stock valued at $2,884,000 after acquiring an additional 159,117 shares during the last quarter. Finally, Perissos Private Wealth Management LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at about $1,310,000.
United States Natural Gas Fund Trading Up 1.5%
UNG opened at $11.33 on Friday. The company has a market cap of $550.07 million, a price-to-earnings ratio of -15.04 and a beta of 0.03. The company’s 50 day moving average is $11.38 and its 200 day moving average is $12.46. United States Natural Gas Fund LP has a 12-month low of $9.95 and a 12-month high of $18.12.
United States Natural Gas Fund Company 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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