United States Gasoline Fund, LP (NYSEARCA:UGA) Shares Sold by LPL Financial LLC

LPL Financial LLC lowered its position in shares of United States Gasoline Fund, LP (NYSEARCA:UGA) by 31.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,218 shares of the company’s stock after selling 5,722 shares during the period. LPL Financial LLC’s holdings in United States Gasoline Fund were worth $766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in United States Gasoline Fund by 125.4% in the first quarter. JPMorgan Chase & Co. now owns 629 shares of the company’s stock valued at $35,000 after acquiring an additional 350 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in United States Gasoline Fund in the fourth quarter valued at $210,000. Cambridge Investment Research Advisors Inc. boosted its stake in United States Gasoline Fund by 26.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,277 shares of the company’s stock valued at $268,000 after acquiring an additional 886 shares in the last quarter. Walleye Capital LLC acquired a new position in United States Gasoline Fund in the second quarter valued at $393,000. Finally, Cetera Advisors LLC acquired a new position in United States Gasoline Fund in the fourth quarter valued at $428,000.

United States Gasoline Fund Stock Performance

NYSEARCA UGA opened at $63.25 on Tuesday. United States Gasoline Fund, LP has a 1 year low of $49.22 and a 1 year high of $76.08. The company has a fifty day moving average of $65.98 and a two-hundred day moving average of $65.57.

United States Gasoline Fund Profile

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.