United States Natural Gas Fund LP (NYSEARCA:UNG) Position Trimmed by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in shares of United States Natural Gas Fund LP (NYSEARCA:UNG) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 87,093 shares of the exchange traded fund’s stock after selling 1,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United States Natural Gas Fund were worth $1,464,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of United States Natural Gas Fund during the fourth quarter worth $267,000. Freedom Investment Management Inc. acquired a new stake in United States Natural Gas Fund during the 3rd quarter worth about $164,000. The Manufacturers Life Insurance Company grew its position in United States Natural Gas Fund by 135.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock worth $8,908,000 after purchasing an additional 314,057 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of United States Natural Gas Fund in the third quarter worth approximately $29,000. Finally, Virtu Financial LLC purchased a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at $6,482,000.

United States Natural Gas Fund Trading Up 1.7 %

UNG opened at $21.79 on Friday. The stock has a fifty day moving average price of $19.49 and a 200 day moving average price of $16.20. United States Natural Gas Fund LP has a 1 year low of $12.35 and a 1 year high of $24.33. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -18.00 and a beta of 0.28.

United States Natural Gas Fund Profile

United States Natural Gas Fund, LP is a limited partnership. The Company is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of the Company is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of the futures contracts on natural gas 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 it will be measured by the futures contract that is the next month contract to expire (the Benchmark Futures Contract), less its expenses.