Levin Capital Strategies L.P. Has $152,000 Stock Position in United States Natural Gas Fund LP (NYSEARCA:UNG)

Levin Capital Strategies L.P. lifted its holdings in United States Natural Gas Fund LP (NYSEARCA:UNG) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,000 shares of the exchange traded fund’s stock after purchasing an additional 10,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in United States Natural Gas Fund were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its stake in shares of United States Natural Gas Fund by 10.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 63,148 shares of the exchange traded fund’s stock valued at $431,000 after buying an additional 6,102 shares during the period. Stratos Wealth Advisors LLC lifted its position in United States Natural Gas Fund by 4.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 67,530 shares of the exchange traded fund’s stock valued at $461,000 after purchasing an additional 2,833 shares during the period. Advisor Resource Council bought a new position in shares of United States Natural Gas Fund in the 3rd quarter valued at about $107,000. Daiwa Securities Group Inc. grew its position in shares of United States Natural Gas Fund by 25.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 215,575 shares of the exchange traded fund’s stock worth $1,472,000 after buying an additional 43,600 shares during the period. Finally, Sovereign Financial Group Inc. bought a new stake in shares of United States Natural Gas Fund during the third quarter worth approximately $92,000.

United States Natural Gas Fund Stock Up 5.5 %

UNG stock traded up $0.82 during midday trading on Friday, reaching $15.68. The company’s stock had a trading volume of 11,401,508 shares, compared to its average volume of 7,683,604. The business’s 50-day simple moving average is $15.28 and its 200-day simple moving average is $19.85. United States Natural Gas Fund LP has a 52 week low of $13.86 and a 52 week high of $32.32. The stock has a market cap of $903.66 million, a PE ratio of -11.60 and a beta of 0.17.

About United States Natural Gas Fund

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.