Royal Bank of Canada decreased its position in United States Gasoline Fund LP (NYSEARCA:UGA – Free Report) by 78.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,735 shares of the company’s stock after selling 9,701 shares during the period. Royal Bank of Canada’s holdings in United States Gasoline Fund were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in United States Gasoline Fund by 666.0% during the 1st quarter. Jane Street Group LLC now owns 38,799 shares of the company’s stock worth $2,493,000 after purchasing an additional 33,734 shares during the last quarter. Osaic Holdings Inc. grew its holdings in United States Gasoline Fund by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,894 shares of the company’s stock valued at $114,000 after buying an additional 533 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in United States Gasoline Fund by 73.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 566 shares of the company’s stock valued at $36,000 after buying an additional 239 shares in the last quarter. Exit Wealth Advisors LLC. bought a new position in United States Gasoline Fund during the 3rd quarter worth $3,089,000. Finally, Advisory Services Network LLC bought a new position in United States Gasoline Fund during the 3rd quarter worth $138,000.
United States Gasoline Fund Price Performance
UGA opened at $123.89 on Friday. The stock has a fifty day moving average of $114.06 and a 200-day moving average of $104.24. United States Gasoline Fund LP has a fifty-two week low of $60.40 and a fifty-two week high of $127.29.
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.
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Want to see what other hedge funds are holding UGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Gasoline Fund LP (NYSEARCA:UGA – Free Report).
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