Sovereign Financial Group Inc. Purchases 9,010 Shares of United States Natural Gas Fund LP (NYSEARCA:UNG)

Sovereign Financial Group Inc. raised its stake in shares of United States Natural Gas Fund LP (NYSEARCA:UNG) by 66.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 22,500 shares of the exchange traded fund’s stock after acquiring an additional 9,010 shares during the period. Sovereign Financial Group Inc.’s holdings in United States Natural Gas Fund were worth $114,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in UNG. Daiwa Securities Group Inc. increased its holdings in United States Natural Gas Fund by 32.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 285,875 shares of the exchange traded fund’s stock worth $1,449,000 after acquiring an additional 70,300 shares during the last quarter. Choreo LLC bought a new stake in United States Natural Gas Fund during the 4th quarter worth approximately $56,000. Levin Capital Strategies L.P. raised its position in shares of United States Natural Gas Fund by 50.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 30,000 shares of the exchange traded fund’s stock worth $152,000 after buying an additional 10,000 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new position in United States Natural Gas Fund in the 4th quarter worth about $31,000. Finally, Private Wealth Partners LLC bought a new stake in shares of United States Natural Gas Fund during the 4th quarter valued at about $117,000.

United States Natural Gas Fund Stock Performance

UNG traded down $0.22 on Wednesday, reaching $15.95. The company had a trading volume of 5,665,632 shares, compared to its average volume of 7,643,459. United States Natural Gas Fund LP has a 52-week low of $13.86 and a 52-week high of $32.32. The company has a market cap of $919.52 million, a price-to-earnings ratio of -11.60 and a beta of 0.17. The business has a 50 day simple moving average of $15.30 and a 200 day simple moving average of $19.58.

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.