Advisory Services Network LLC Makes New $2.21 Million Investment in United States Oil Fund LP (NYSEARCA:USO)

Advisory Services Network LLC purchased a new position in United States Oil Fund LP (NYSEARCA:USOGet Rating) in the first quarter, HoldingsChannel.com reports. The firm purchased 29,771 shares of the company’s stock, valued at approximately $2,207,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockbridge Investment Management LCC purchased a new position in United States Oil Fund in the 4th quarter worth approximately $34,000. Newbridge Financial Services Group Inc. raised its position in shares of United States Oil Fund by 54.5% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 850 shares of the company’s stock valued at $63,000 after purchasing an additional 300 shares in the last quarter. BerganKDV Wealth Management LLC raised its position in shares of United States Oil Fund by 16,683.3% in the 1st quarter. BerganKDV Wealth Management LLC now owns 1,007 shares of the company’s stock valued at $75,000 after purchasing an additional 1,001 shares in the last quarter. Cypress Capital Management LLC WY raised its position in shares of United States Oil Fund by 1,388.1% in the 1st quarter. Cypress Capital Management LLC WY now owns 1,250 shares of the company’s stock valued at $93,000 after purchasing an additional 1,166 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new position in shares of United States Oil Fund in the 1st quarter valued at approximately $107,000.

United States Oil Fund Stock Up 0.2 %

Shares of USO opened at $69.90 on Friday. The business’s 50 day moving average is $74.01 and its two-hundred day moving average is $77.80. United States Oil Fund LP has a 52-week low of $46.16 and a 52-week high of $92.20.

United States Oil Fund Company Profile

(Get Rating)

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO 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 light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.

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Want to see what other hedge funds are holding USO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Oil Fund LP (NYSEARCA:USOGet Rating).

Institutional Ownership by Quarter for United States Oil Fund (NYSEARCA:USO)

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