Merit Financial Group LLC Takes $2.86 Million Position in United States Gasoline Fund LP $UGA

Merit Financial Group LLC bought a new position in United States Gasoline Fund LP (NYSEARCA:UGA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 46,262 shares of the company’s stock, valued at approximately $2,856,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exit Wealth Advisors LLC. bought a new stake in shares of United States Gasoline Fund in the 3rd quarter valued at approximately $3,089,000. Jane Street Group LLC grew its stake in shares of United States Gasoline Fund by 666.0% in the 1st quarter. Jane Street Group LLC now owns 38,799 shares of the company’s stock valued at $2,493,000 after purchasing an additional 33,734 shares during the period. Royal Bank of Canada grew its stake in shares of United States Gasoline Fund by 45.4% in the 1st quarter. Royal Bank of Canada now owns 23,738 shares of the company’s stock valued at $1,525,000 after purchasing an additional 7,415 shares during the period. Professional Financial Advisors LLC grew its stake in shares of United States Gasoline Fund by 13.0% in the 4th quarter. Professional Financial Advisors LLC now owns 16,893 shares of the company’s stock valued at $1,043,000 after purchasing an additional 1,943 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of United States Gasoline Fund by 12.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 14,327 shares of the company’s stock valued at $924,000 after purchasing an additional 1,592 shares during the period.

United States Gasoline Fund Stock Performance

Shares of NYSEARCA:UGA opened at $100.33 on Tuesday. United States Gasoline Fund LP has a 52 week low of $56.18 and a 52 week high of $108.07. The company’s fifty day moving average is $89.09 and its 200-day moving average is $73.36.

United States Gasoline Fund Profile

United States Gasoline Fund, LP (UGA) is a commodity pool that issues limited partnership interests (shares). The Company is engaged in the trading of futures contracts, options on futures contracts and cleared swaps (derivatives). The investment objective of UGA is for the daily changes in percentage terms of its shares’ per share net asset value to reflect the daily changes in percentage terms of the spot price of gasoline, as measured by the daily changes in the price of the futures contract for gasoline 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 the futures contract will be the next month contract to expire, less UGA’s expenses.