Capital Wealth Alliance LLC Has $2.68 Million Stock Position in United States Gasoline Fund LP (NYSEARCA:UGA)

Capital Wealth Alliance LLC trimmed its stake in United States Gasoline Fund LP (NYSEARCA:UGA) by 17.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,566 shares of the company’s stock after selling 8,209 shares during the quarter. United States Gasoline Fund makes up about 1.5% of Capital Wealth Alliance LLC’s portfolio, making the stock its 18th biggest holding. Capital Wealth Alliance LLC owned 2.20% of United States Gasoline Fund worth $2,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pettinga Financial Advisors LLC increased its position in shares of United States Gasoline Fund by 201.2% in the first quarter. Pettinga Financial Advisors LLC now owns 16,251 shares of the company’s stock worth $1,153,000 after purchasing an additional 10,856 shares during the period. Comerica Bank bought a new position in United States Gasoline Fund in the 1st quarter valued at about $44,000. Professional Financial Advisors LLC raised its position in shares of United States Gasoline Fund by 22.9% in the 2nd quarter. Professional Financial Advisors LLC now owns 12,678 shares of the company’s stock valued at $857,000 after buying an additional 2,365 shares in the last quarter. Roman Butler Fullerton & Co. increased its stake in United States Gasoline Fund by 18.2% in the second quarter. Roman Butler Fullerton & Co. now owns 6,619 shares of the company’s stock valued at $449,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of United States Gasoline Fund during the 4th quarter worth $4,318,000.

United States Gasoline Fund Stock Performance

United States Gasoline Fund stock traded up $1.38 during mid-day trading on Friday, reaching $63.11. The company had a trading volume of 15,181 shares, compared to its average volume of 35,579. The business has a fifty day simple moving average of $66.25 and a 200 day simple moving average of $67.47. United States Gasoline Fund LP has a fifty-two week low of $56.91 and a fifty-two week high of $76.08.

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.