United States Gasoline Fund (NYSEARCA:UGA) Stock Price Up 0.3% – Time to Buy?

United States Gasoline Fund LP (NYSEARCA:UGA) shares rose 0.3% on Friday . The stock traded as high as $113.29 and last traded at $111.65. Approximately 18,021 shares changed hands during trading, a decline of 69% from the average daily volume of 58,150 shares. The stock had previously closed at $111.31.

United States Gasoline Fund Stock Performance

The stock has a 50 day simple moving average of $109.31 and a two-hundred day simple moving average of $98.62.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UGA. JPMorgan Chase & Co. boosted its position in 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. Ascentis Independent Advisors purchased a new position in shares of United States Gasoline Fund during the 1st quarter valued at approximately $31,000. Cetera Investment Advisers increased its holdings in shares of United States Gasoline Fund by 1.0% during the 1st quarter. Cetera Investment Advisers now owns 37,402 shares of the company’s stock valued at $3,865,000 after purchasing an additional 374 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of United States Gasoline Fund during the 4th quarter valued at approximately $30,000. Finally, Osaic Holdings Inc. lifted its stake in shares of 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.

About United States Gasoline Fund

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.