Consolidated Portfolio Review Corp Buys New Position in United States Gasoline Fund LP $UGA

Consolidated Portfolio Review Corp bought a new stake in shares of United States Gasoline Fund LP (NYSEARCA:UGA) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 8,302 shares of the company’s stock, valued at approximately $500,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UGA. Jane Street Group LLC boosted its position in shares of United States Gasoline Fund by 666.0% during 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 in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of United States Gasoline Fund during the 2nd quarter valued at about $1,024,000. LPL Financial LLC boosted its position in shares of United States Gasoline Fund by 223.3% during the 1st quarter. LPL Financial LLC now owns 20,998 shares of the company’s stock valued at $1,349,000 after purchasing an additional 14,503 shares in the last quarter. Synergy Asset Management LLC bought a new position in United States Gasoline Fund in the first quarter worth approximately $503,000. Finally, Royal Bank of Canada boosted its holdings in United States Gasoline Fund by 45.4% in the first quarter. Royal Bank of Canada now owns 23,738 shares of the company’s stock worth $1,525,000 after acquiring an additional 7,415 shares in the last quarter.

United States Gasoline Fund Trading Down 2.0%

Shares of NYSEARCA:UGA opened at $63.21 on Thursday. The business’s 50 day simple moving average is $63.78 and its two-hundred day simple moving average is $61.67. United States Gasoline Fund LP has a 52-week low of $52.80 and a 52-week high of $68.15.

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.