Pettinga Financial Advisors LLC Boosts Stock Position in United States Gasoline Fund LP (NYSEARCA:UGA)

Pettinga Financial Advisors LLC boosted its holdings in United States Gasoline Fund LP (NYSEARCA:UGA) by 201.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,251 shares of the company’s stock after purchasing an additional 10,856 shares during the period. Pettinga Financial Advisors LLC owned about 0.93% of United States Gasoline Fund worth $1,153,000 as of its most recent SEC filing.

Separately, Cambridge Investment Research Advisors Inc. bought a new stake in shares of United States Gasoline Fund during the 4th quarter valued at $4,318,000.

United States Gasoline Fund Trading Down 0.7 %

NYSEARCA:UGA opened at $67.60 on Monday. United States Gasoline Fund LP has a 52-week low of $56.91 and a 52-week high of $76.08. The business’s fifty day moving average is $66.97 and its 200 day moving average is $66.47.

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.