Centric Wealth Management Invests $3.61 Million in United States Natural Gas Fund LP (NYSEARCA:UNG)

Centric Wealth Management acquired a new stake in United States Natural Gas Fund LP (NYSEARCA:UNG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 215,000 shares of the exchange traded fund’s stock, valued at approximately $3,614,000. United States Natural Gas Fund accounts for about 1.0% of Centric Wealth Management’s holdings, making the stock its 21st biggest holding. Centric Wealth Management owned 0.37% of United States Natural Gas Fund as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new position in shares of United States Natural Gas Fund during the third quarter worth about $29,000. Mountain Hill Investment Partners Corp. bought a new position in United States Natural Gas Fund during the 4th quarter worth approximately $32,000. Freedom Investment Management Inc. acquired a new position in shares of United States Natural Gas Fund in the 3rd quarter worth approximately $164,000. Captrust Financial Advisors boosted its stake in shares of United States Natural Gas Fund by 104.8% in the 3rd quarter. Captrust Financial Advisors now owns 28,042 shares of the exchange traded fund’s stock valued at $458,000 after purchasing an additional 14,351 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of United States Natural Gas Fund during the fourth quarter worth $267,000.

United States Natural Gas Fund Stock Up 1.3 %

UNG stock opened at $21.61 on Tuesday. The company’s fifty day simple moving average is $20.16 and its 200 day simple moving average is $16.80. United States Natural Gas Fund LP has a 12-month low of $12.35 and a 12-month high of $24.33. The firm has a market cap of $521.88 million, a price-to-earnings ratio of -17.89 and a beta of 0.14.

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.