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

The Manufacturers Life Insurance Company lifted its holdings in shares of United States Natural Gas Fund LP (NYSEARCA:UNG) by 135.7% in the third quarter, HoldingsChannel.com reports. The firm owned 545,504 shares of the exchange traded fund’s stock after acquiring an additional 314,057 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in United States Natural Gas Fund were worth $8,908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in United States Natural Gas Fund in the second quarter valued at approximately $50,000. J.W. Cole Advisors Inc. acquired a new stake in shares of United States Natural Gas Fund in the second quarter valued at $184,000. Hourglass Capital LLC purchased a new stake in shares of United States Natural Gas Fund in the 3rd quarter valued at $204,000. Security National Bank acquired a new position in United States Natural Gas Fund during the 3rd quarter worth about $262,000. Finally, Saxon Interests Inc. purchased a new position in United States Natural Gas Fund during the 3rd quarter valued at about $264,000.

United States Natural Gas Fund Price Performance

Shares of NYSEARCA:UNG opened at $13.21 on Wednesday. The firm has a market capitalization of $761.56 million, a PE ratio of -11.60 and a beta of 0.17. United States Natural Gas Fund LP has a 1 year low of $12.35 and a 1 year high of $27.48. The firm’s 50-day moving average is $14.25 and its two-hundred day moving average is $15.40.

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.