Pettinga Financial Advisors LLC Has $976,000 Stock Holdings in United States Gasoline Fund LP (NYSEARCA:UGA)

by · The Cerbat Gem

Pettinga Financial Advisors LLC raised its position in United States Gasoline Fund LP (NYSEARCA:UGA – Free Report) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 16,701 shares of the company’s stock after acquiring an additional 235 shares during the period. Pettinga Financial Advisors LLC owned approximately 0.93% of United States Gasoline Fund worth $976,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of UGA. Capital Wealth Alliance LLC grew its position in United States Gasoline Fund by 0.9% in the 1st quarter. Capital Wealth Alliance LLC now owns 47,775 shares of the company’s stock valued at $3,387,000 after purchasing an additional 429 shares during the period. Comerica Bank bought a new position in shares of United States Gasoline Fund in the first quarter valued at $44,000. Geneos Wealth Management Inc. acquired a new position in shares of United States Gasoline Fund during the first quarter valued at about $47,000. Roman Butler Fullerton & Co. increased its position in shares of United States Gasoline Fund by 18.2% during the second quarter. Roman Butler Fullerton & Co. now owns 6,619 shares of the company’s stock worth $449,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Professional Financial Advisors LLC increased its position in shares of United States Gasoline Fund by 22.9% during the second quarter. Professional Financial Advisors LLC now owns 12,678 shares of the company’s stock worth $857,000 after acquiring an additional 2,365 shares in the last quarter.

United States Gasoline Fund Stock Up 1.7 %

Shares of NYSEARCA UGA opened at $62.82 on Friday. United States Gasoline Fund LP has a fifty-two week low of $55.37 and a fifty-two week high of $74.57. The firm’s 50-day simple moving average is $60.90 and its 200 day simple moving average is $65.10.

United States Gasoline Fund Company Profile

(Free Report)

United States Gasoline Fund, LP (UGA) is a commodity pool that issues limited partnership interests (shares). The Company is engaged in the trading of futures contracts, options on futures contracts and cleared swaps (derivatives). The investment objective of UGA is for the daily changes in percentage terms of its shares’ per share net asset value to reflect the daily changes in percentage terms of the spot price of gasoline, as measured by the daily changes in the price of the futures contract for gasoline 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 the futures contract will be the next month contract to expire, less UGA’s expenses.

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