Commonwealth Equity Services LLC boosted its position in United States Natural Gas Fund LP (NYSEARCA:UNG – Get Rating) by 41.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,492 shares of the exchange traded fund's stock after acquiring an additional 6,834 shares during the quarter. Commonwealth Equity Services LLC owned 0.11% of United States Natural Gas Fund worth $446,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of United States Natural Gas Fund in the first quarter worth about $11,345,000. Royal Bank of Canada grew its holdings in United States Natural Gas Fund by 525.4% in the 1st quarter. Royal Bank of Canada now owns 134,892 shares of the exchange traded fund's stock worth $2,659,000 after buying an additional 113,324 shares in the last quarter. NewEdge Advisors LLC bought a new position in United States Natural Gas Fund in the 1st quarter worth approximately $2,443,000. IHT Wealth Management LLC lifted its position in United States Natural Gas Fund by 1.8% in the first quarter. IHT Wealth Management LLC now owns 120,743 shares of the exchange traded fund's stock worth $2,381,000 after purchasing an additional 2,100 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in United States Natural Gas Fund in the first quarter worth approximately $1,929,000.
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UNG opened at $17.56 on Monday. United States Natural Gas Fund LP has a 1-year low of $11.69 and a 1-year high of $34.50. The business has a 50 day moving average price of $26.78 and a two-hundred day moving average price of $26.23.
United States Natural Gas Fund Company Profile
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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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