United States Natural Gas Fund LP (NYSEARCA:UNG) Holdings Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in United States Natural Gas Fund LP (NYSEARCA:UNG) by 34.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,001 shares of the exchange traded fund’s stock after selling 87,744 shares during the quarter. JPMorgan Chase & Co. owned about 0.28% of United States Natural Gas Fund worth $2,678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of UNG. Hobbs Group Advisors LLC purchased a new stake in shares of United States Natural Gas Fund in the third quarter valued at $29,000. Daymark Wealth Partners LLC raised its position in United States Natural Gas Fund by 17.2% during the third quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 2,825 shares during the period. Sweet Financial Partners LLC lifted its stake in United States Natural Gas Fund by 18.7% in the 3rd quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock worth $345,000 after acquiring an additional 3,325 shares in the last quarter. Private Wealth Partners LLC grew its stake in United States Natural Gas Fund by 100.0% during the 3rd quarter. Private Wealth Partners LLC now owns 20,000 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Freedom Investment Management Inc. acquired a new position in shares of United States Natural Gas Fund in the 3rd quarter valued at about $164,000.

United States Natural Gas Fund Price Performance

Shares of NYSEARCA:UNG opened at $18.34 on Tuesday. The stock has a market capitalization of $1.06 billion, a P/E ratio of -11.60 and a beta of 0.17. The business has a 50-day moving average of $15.44 and a two-hundred day moving average of $14.68. United States Natural Gas Fund LP has a fifty-two week low of $12.35 and a fifty-two week high of $23.00.

United States Natural Gas Fund 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.