Wells Fargo & Company MN Sells 1,635,112 Shares of United States Natural Gas Fund LP (NYSEARCA:UNG)

Wells Fargo & Company MN lowered its stake in shares of United States Natural Gas Fund LP (NYSEARCA:UNGFree Report) by 51.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,527,962 shares of the exchange traded fund’s stock after selling 1,635,112 shares during the quarter. Wells Fargo & Company MN owned 0.97% of United States Natural Gas Fund worth $7,747,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in United States Natural Gas Fund in the 4th quarter valued at $25,000. MeadowBrook Investment Advisors LLC bought a new position in United States Natural Gas Fund in the 4th quarter valued at $31,000. Clearstead Advisors LLC bought a new position in United States Natural Gas Fund in the 3rd quarter valued at $50,000. Choreo LLC bought a new position in United States Natural Gas Fund in the 4th quarter valued at $56,000. Finally, MONECO Advisors LLC bought a new position in United States Natural Gas Fund in the 4th quarter valued at $63,000.

United States Natural Gas Fund Price Performance

Shares of NYSEARCA:UNG opened at $18.94 on Thursday. United States Natural Gas Fund LP has a 1 year low of $13.86 and a 1 year high of $32.32. The business has a fifty day moving average price of $16.37 and a two-hundred day moving average price of $18.25. The company has a market capitalization of $1.09 billion, a PE ratio of -11.60 and a beta of 0.17.

About United States Natural Gas Fund

(Free Report)

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.

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Institutional Ownership by Quarter for United States Natural Gas Fund (NYSEARCA:UNG)

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