JPMorgan Chase & Co. Increases Stock Holdings in United States Natural Gas Fund LP $UNG

JPMorgan Chase & Co. increased its stake in shares of United States Natural Gas Fund LP (NYSEARCA:UNG) by 258.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 220,620 shares of the exchange traded fund’s stock after acquiring an additional 159,117 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of United States Natural Gas Fund worth $2,884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNG. Jump Financial LLC acquired a new stake in United States Natural Gas Fund in the third quarter valued at approximately $7,376,000. Virtu Financial LLC purchased a new position in shares of United States Natural Gas Fund in the third quarter valued at $5,004,000. Flow Traders U.S. LLC acquired a new stake in United States Natural Gas Fund during the 3rd quarter valued at $4,665,000. Quadrature Capital Ltd grew its holdings in United States Natural Gas Fund by 38.6% during the 3rd quarter. Quadrature Capital Ltd now owns 132,946 shares of the exchange traded fund’s stock valued at $1,738,000 after purchasing an additional 37,041 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in United States Natural Gas Fund by 10.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 123,693 shares of the exchange traded fund’s stock worth $1,704,000 after buying an additional 11,920 shares during the period.

United States Natural Gas Fund Price Performance

NYSEARCA:UNG opened at $11.35 on Monday. The firm has a 50-day moving average of $12.48 and a two-hundred day moving average of $12.84. The stock has a market cap of $437.54 million, a P/E ratio of -15.04 and a beta of -0.12. United States Natural Gas Fund LP has a 1-year low of $9.95 and a 1-year high of $21.98.

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.