United States Gasoline Fund LP $UGA Stock: WealthCare Asset Management LLC Cuts Stake

WealthCare Asset Management LLC reduced its position in United States Gasoline Fund LP (NYSEARCA:UGA) by 35.2% during the third quarter, HoldingsChannel.com reports. The firm owned 29,027 shares of the company’s stock after selling 15,751 shares during the period. United States Gasoline Fund makes up 3.7% of WealthCare Asset Management LLC’s portfolio, making the stock its 8th biggest position. WealthCare Asset Management LLC’s holdings in United States Gasoline Fund were worth $4,258,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new position in shares of United States Gasoline Fund during the first quarter valued at approximately $31,000. CoreCap Advisors LLC raised its holdings in shares of United States Gasoline Fund by 250.7% in the second quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock worth $315,000 after buying an additional 2,186 shares during the period. Three Seasons Wealth LLC purchased a new stake in shares of United States Gasoline Fund in the first quarter worth approximately $423,000. Private Advisor Group LLC bought a new stake in shares of United States Gasoline Fund during the 1st quarter worth approximately $489,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of United States Gasoline Fund by 96.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,079 shares of the company’s stock worth $525,000 after acquiring an additional 2,498 shares during the last quarter.

United States Gasoline Fund Stock Performance

UGA opened at $145.10 on Tuesday. The business has a fifty day moving average of $138.31 and a 200 day moving average of $107.54. United States Gasoline Fund LP has a 52-week low of $60.61 and a 52-week high of $153.46.

United States Gasoline Fund Company 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.