Captrust Financial Advisors Increases Holdings in United States Natural Gas Fund LP (NYSEARCA:UNG)

Captrust Financial Advisors raised its stake in United States Natural Gas Fund LP (NYSEARCA:UNG) by 104.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,042 shares of the exchange traded fund’s stock after buying an additional 14,351 shares during the period. Captrust Financial Advisors’ holdings in United States Natural Gas Fund were worth $458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of United States Natural Gas Fund by 135.7% in the third quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock valued at $8,908,000 after purchasing an additional 314,057 shares during the period. Cetera Investment Advisers grew its stake in shares of United States Natural Gas Fund by 13.5% in the 2nd quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock valued at $2,054,000 after buying an additional 14,052 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of United States Natural Gas Fund by 17.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 88,893 shares of the exchange traded fund’s stock worth $1,452,000 after buying an additional 13,400 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at approximately $1,106,000. Finally, International Assets Investment Management LLC lifted its holdings in United States Natural Gas Fund by 1,506.8% in the third quarter. International Assets Investment Management LLC now owns 46,116 shares of the exchange traded fund’s stock valued at $753,000 after acquiring an additional 43,246 shares during the last quarter.

United States Natural Gas Fund Stock Performance

Shares of United States Natural Gas Fund stock opened at $15.04 on Friday. The firm has a market capitalization of $867.06 million, a price-to-earnings ratio of -11.60 and a beta of 0.17. United States Natural Gas Fund LP has a fifty-two week low of $12.35 and a fifty-two week high of $27.48. The stock has a 50 day moving average of $13.87 and a 200 day moving average of $15.14.

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.