AmeriServ Wealth Advisors Makes New Investment in United States Natural Gas Fund LP $UNG

AmeriServ Wealth Advisors purchased a new position in United States Natural Gas Fund LP (NYSEARCA:UNG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 60,000 shares of the exchange traded fund’s stock, valued at approximately $784,000. United States Natural Gas Fund comprises approximately 0.4% of AmeriServ Wealth Advisors’ holdings, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in UNG. Comerica Bank raised its position in United States Natural Gas Fund by 1,412.9% during the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 2,515 shares in the last quarter. Headlands Technologies LLC boosted its position in United States Natural Gas Fund by 132.8% in the 2nd quarter. Headlands Technologies LLC now owns 9,618 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 5,486 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of United States Natural Gas Fund by 186,866.7% during the 3rd quarter. Global Retirement Partners LLC now owns 11,218 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 11,212 shares during the period. Sound Income Strategies LLC purchased a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at approximately $150,000. Finally, Prospera Financial Services Inc acquired a new position in shares of United States Natural Gas Fund in the 2nd quarter valued at $184,000.

United States Natural Gas Fund Stock Performance

Shares of NYSEARCA UNG opened at $11.78 on Thursday. The company has a market capitalization of $357.52 million, a PE ratio of -15.04 and a beta of -0.12. The company’s fifty day moving average price is $12.37 and its 200 day moving average price is $12.92. United States Natural Gas Fund LP has a 1 year low of $9.95 and a 1 year high of $24.33.

About United States Natural Gas Fund

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.