Private Advisor Group LLC Invests $489,000 in United States Gasoline Fund LP $UGA

Private Advisor Group LLC purchased a new position in United States Gasoline Fund LP (NYSEARCA:UGA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,735 shares of the company’s stock, valued at approximately $489,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in UGA. Exit Wealth Advisors LLC. bought a new position in United States Gasoline Fund during the 3rd quarter valued at approximately $3,089,000. Merit Financial Group LLC bought a new stake in United States Gasoline Fund in the fourth quarter worth $2,856,000. Jane Street Group LLC boosted its holdings in United States Gasoline Fund by 666.0% in the first quarter. Jane Street Group LLC now owns 38,799 shares of the company’s stock worth $2,493,000 after acquiring an additional 33,734 shares in the last quarter. Roman Butler Fullerton & Co. purchased a new stake in shares of United States Gasoline Fund in the fourth quarter worth $775,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of United States Gasoline Fund in the fourth quarter worth $500,000.

United States Gasoline Fund Stock Performance

Shares of NYSEARCA:UGA opened at $116.49 on Friday. United States Gasoline Fund LP has a 1-year low of $60.40 and a 1-year high of $125.47. The business has a fifty day moving average price of $108.92 and a 200-day moving average price of $92.76.

About United States Gasoline Fund

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.