National Wealth Management Group LLC Invests $563,000 in United States Gasoline Fund LP (NYSEARCA:UGA)

National Wealth Management Group LLC purchased a new position in shares of United States Gasoline Fund LP (NYSEARCA:UGA) in the third quarter, HoldingsChannel reports. The institutional investor purchased 9,631 shares of the company’s stock, valued at approximately $563,000.

Other large investors also recently modified their holdings of the company. Comerica Bank acquired a new position in shares of United States Gasoline Fund during the first quarter worth approximately $44,000. Rosenberg Matthew Hamilton acquired a new position in shares of United States Gasoline Fund in the third quarter valued at $48,000. Park Avenue Securities LLC acquired a new position in shares of United States Gasoline Fund in the third quarter valued at $204,000. Roman Butler Fullerton & Co. raised its stake in shares of United States Gasoline Fund by 18.2% in the second quarter. Roman Butler Fullerton & Co. now owns 6,619 shares of the company’s stock valued at $449,000 after purchasing an additional 1,018 shares in the last quarter. Finally, Professional Financial Advisors LLC raised its stake in shares of United States Gasoline Fund by 22.9% in the second quarter. Professional Financial Advisors LLC now owns 12,678 shares of the company’s stock valued at $857,000 after purchasing an additional 2,365 shares in the last quarter.

United States Gasoline Fund Stock Performance

Shares of NYSEARCA UGA opened at $60.62 on Thursday. The business has a fifty day simple moving average of $61.65 and a 200 day simple moving average of $63.61. United States Gasoline Fund LP has a one year low of $55.37 and a one year high of $74.57.

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.