JPMorgan Chase & Co. Boosts Stock Position in United States Natural Gas Fund LP $UNG

JPMorgan Chase & Co. raised its holdings in United States Natural Gas Fund LP (NYSEARCA:UNG) by 258.7% during the third quarter, HoldingsChannel.com reports. The firm owned 220,620 shares of the exchange traded fund’s stock after buying an additional 159,117 shares during the period. JPMorgan Chase & Co.’s holdings in United States Natural Gas Fund were worth $2,884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Comerica Bank grew its position in shares of 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 worth $58,000 after buying an additional 2,515 shares in the last quarter. Royal Bank of Canada boosted its stake in United States Natural Gas Fund by 490.7% during the 1st quarter. Royal Bank of Canada now owns 14,880 shares of the exchange traded fund’s stock valued at $322,000 after acquiring an additional 12,361 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in United States Natural Gas Fund by 31.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 93,493 shares of the exchange traded fund’s stock valued at $1,429,000 after acquiring an additional 22,400 shares during the last quarter. Bank of America Corp DE grew its holdings in United States Natural Gas Fund by 84,430.0% during the 2nd quarter. Bank of America Corp DE now owns 42,265 shares of the exchange traded fund’s stock worth $646,000 after acquiring an additional 42,215 shares in the last quarter. Finally, Two Sigma Securities LLC grew its holdings in United States Natural Gas Fund by 146.2% during the 2nd quarter. Two Sigma Securities LLC now owns 26,409 shares of the exchange traded fund’s stock worth $404,000 after acquiring an additional 15,681 shares in the last quarter.

United States Natural Gas Fund Stock Performance

UNG opened at $11.35 on Monday. The company has a market capitalization of $437.54 million, a P/E ratio of -15.04 and a beta of -0.12. The company has a 50-day moving average of $12.48 and a 200-day moving average of $12.84. United States Natural Gas Fund LP has a 1-year low of $9.95 and a 1-year high of $21.98.

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.