Blue Capital Inc. Has $1.16 Million Stock Position in United States Gasoline Fund LP $UGA

Blue Capital Inc. lowered its position in United States Gasoline Fund LP (NYSEARCA:UGA) by 58.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,204 shares of the company’s stock after selling 15,559 shares during the period. Blue Capital Inc.’s holdings in United States Gasoline Fund were worth $1,158,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of United States Gasoline Fund during the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. lifted its holdings in shares of United States Gasoline Fund by 73.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 566 shares of the company’s stock worth $36,000 after purchasing an additional 239 shares in the last quarter. Motiv8 Investments LLC bought a new position in shares of United States Gasoline Fund in the 4th quarter worth $44,000. Osaic Holdings Inc. grew its position in United States Gasoline Fund by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,894 shares of the company’s stock valued at $114,000 after purchasing an additional 533 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in United States Gasoline Fund in the 3rd quarter valued at $124,000.

United States Gasoline Fund Stock Performance

Shares of UGA stock opened at $102.95 on Friday. The firm has a fifty day simple moving average of $109.80 and a two-hundred day simple moving average of $89.39. United States Gasoline Fund LP has a 12 month low of $60.40 and a 12 month high of $125.47.

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.