JPMorgan Chase & Co. Decreases Stock Position in United States Natural Gas Fund LP (NYSEARCA:UNG)

JPMorgan Chase & Co. reduced its position in shares of United States Natural Gas Fund LP (NYSEARCA:UNG) by 77.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,276 shares of the exchange traded fund’s stock after selling 127,725 shares during the period. JPMorgan Chase & Co. owned about 0.06% of United States Natural Gas Fund worth $610,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. purchased a new position in shares of United States Natural Gas Fund in the 4th quarter valued at approximately $32,000. SG Americas Securities LLC acquired a new position in United States Natural Gas Fund during the fourth quarter worth about $267,000. Kieckhefer Group LLC acquired a new stake in United States Natural Gas Fund during the 4th quarter valued at $641,000. Finally, Virtu Financial LLC purchased a new position in United States Natural Gas Fund in the 3rd quarter valued at about $6,482,000.

United States Natural Gas Fund Price Performance

Shares of NYSEARCA UNG opened at $16.88 on Wednesday. The company has a market cap of $407.65 million, a PE ratio of -14.50 and a beta of 0.14. United States Natural Gas Fund LP has a 12 month low of $12.35 and a 12 month high of $24.33. The company has a 50-day simple moving average of $19.98 and a 200-day simple moving average of $17.18.

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.