United States Gasoline Fund LP (NYSEARCA:UGA) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in shares of United States Gasoline Fund LP (NYSEARCA:UGA) by 36.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,734 shares of the company’s stock after acquiring an additional 4,731 shares during the period. Thrivent Financial for Lutherans owned about 0.99% of United States Gasoline Fund worth $1,199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its position in United States Gasoline Fund by 7.3% during the second quarter. Commonwealth Equity Services LLC now owns 159,762 shares of the company’s stock worth $10,800,000 after acquiring an additional 10,870 shares during the last quarter. Pettinga Financial Advisors LLC raised its position in shares of United States Gasoline Fund by 1.3% in the second quarter. Pettinga Financial Advisors LLC now owns 16,466 shares of the company’s stock valued at $1,113,000 after buying an additional 215 shares during the last quarter. Professional Financial Advisors LLC raised its position 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 buying an additional 2,365 shares during the last quarter. Roman Butler Fullerton & Co. raised its position 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 buying an additional 1,018 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of United States Gasoline Fund in the first quarter valued at approximately $44,000.

United States Gasoline Fund Price Performance

NYSEARCA:UGA opened at $63.25 on Friday. The firm has a 50 day simple moving average of $61.59 and a 200-day simple moving average of $65.95. United States Gasoline Fund LP has a 1-year low of $55.37 and a 1-year high of $74.57.

United States Gasoline Fund Company 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.