AmeriServ Wealth Advisors Invests $784,000 in United States Natural Gas Fund LP $UNG

AmeriServ Wealth Advisors purchased a new stake in shares of United States Natural Gas Fund LP (NYSEARCA:UNG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 60,000 shares of the exchange traded fund’s stock, valued at approximately $784,000. United States Natural Gas Fund accounts for about 0.4% of AmeriServ Wealth Advisors’ holdings, making the stock its 28th largest position. AmeriServ Wealth Advisors owned about 0.12% of United States Natural Gas Fund at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in UNG. JPMorgan Chase & Co. grew its holdings in United States Natural Gas Fund by 258.7% in the third quarter. JPMorgan Chase & Co. now owns 220,620 shares of the exchange traded fund’s stock worth $2,884,000 after purchasing an additional 159,117 shares during the last quarter. Centric Wealth Management acquired a new stake in shares of United States Natural Gas Fund in the 2nd quarter worth $1,222,000. PFG Investments LLC acquired a new stake in shares of United States Natural Gas Fund in the 3rd quarter worth $715,000. Farther Finance Advisors LLC grew its stake in United States Natural Gas Fund by 52,535.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 52,635 shares of the exchange traded fund’s stock worth $688,000 after buying an additional 52,535 shares during the last quarter. Finally, Guild Investment Management Inc. acquired a new position in United States Natural Gas Fund during the 3rd quarter valued at about $654,000.

United States Natural Gas Fund Stock Performance

United States Natural Gas Fund stock opened at $11.78 on Thursday. The stock has a market cap of $357.52 million, a PE ratio of -15.04 and a beta of -0.12. The stock has a 50-day moving average of $12.37 and a two-hundred day moving average of $12.92. United States Natural Gas Fund LP has a one year low of $9.95 and a one year high of $24.33.

About United States Natural Gas Fund

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.