The Manufacturers Life Insurance Company Takes Position in United States Natural Gas Fund LP (NYSEARCA:UNG)

The Manufacturers Life Insurance Company acquired a new stake in United States Natural Gas Fund LP (NYSEARCA:UNG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 231,447 shares of the exchange traded fund’s stock, valued at approximately $4,034,000. The Manufacturers Life Insurance Company owned 0.40% of United States Natural Gas Fund as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in United States Natural Gas Fund during the second quarter worth approximately $50,000. Creekmur Asset Management LLC acquired a new position in United States Natural Gas Fund during the first quarter worth approximately $63,000. Saxon Interests Inc. acquired a new position in United States Natural Gas Fund during the first quarter worth approximately $148,000. J.W. Cole Advisors Inc. acquired a new position in United States Natural Gas Fund during the second quarter worth approximately $184,000. Finally, MONECO Advisors LLC acquired a new position in United States Natural Gas Fund during the fourth quarter worth approximately $63,000.

United States Natural Gas Fund Trading Down 3.5 %

NYSEARCA:UNG opened at $15.38 on Tuesday. The firm has a market cap of $886.37 million, a P/E ratio of -11.60 and a beta of 0.17. The stock’s 50 day simple moving average is $14.46 and its 200-day simple moving average is $15.83. United States Natural Gas Fund LP has a 12-month low of $12.57 and a 12-month high of $31.92.

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.