Capital Wealth Alliance LLC Cuts Position in United States Gasoline Fund LP (NYSEARCA:UGA)

Capital Wealth Alliance LLC lowered its position in shares of United States Gasoline Fund LP (NYSEARCA:UGA) by 45.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,059 shares of the company’s stock after selling 17,247 shares during the quarter. Capital Wealth Alliance LLC’s holdings in United States Gasoline Fund were worth $1,326,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton bought a new stake in shares of United States Gasoline Fund in the third quarter worth $48,000. Park Avenue Securities LLC acquired a new position in shares of United States Gasoline Fund in the 3rd quarter worth approximately $204,000. PFG Investments LLC bought a new position in United States Gasoline Fund in the fourth quarter worth about $253,000. MML Investors Services LLC lifted its stake in United States Gasoline Fund by 7.4% in the third quarter. MML Investors Services LLC now owns 6,566 shares of the company’s stock valued at $384,000 after buying an additional 453 shares during the last quarter. Finally, National Wealth Management Group LLC acquired a new position in United States Gasoline Fund during the 3rd quarter valued at about $563,000.

United States Gasoline Fund Price Performance

Shares of UGA opened at $65.22 on Tuesday. The stock’s fifty day moving average is $63.27 and its 200-day moving average is $62.36. United States Gasoline Fund LP has a one year low of $55.37 and a one year high of $74.57.

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.