Moors & Cabot Inc. acquired a new position in shares of United States Oil Fund LP (NYSEARCA:USO – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,725 shares of the company’s stock, valued at approximately $220,000.
Other large investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. acquired a new position in United States Oil Fund in the first quarter valued at approximately $259,000. US Bancorp DE raised its position in United States Oil Fund by 581.4% in the first quarter. US Bancorp DE now owns 8,245 shares of the company’s stock valued at $611,000 after purchasing an additional 7,035 shares during the period. Prudential PLC purchased a new stake in United States Oil Fund in the first quarter valued at approximately $333,000. NewEdge Advisors LLC raised its position in United States Oil Fund by 14.5% in the first quarter. NewEdge Advisors LLC now owns 21,140 shares of the company’s stock valued at $1,567,000 after purchasing an additional 2,678 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in United States Oil Fund in the first quarter valued at approximately $505,000.
United States Oil Fund Price Performance
NYSEARCA:USO opened at $68.81 on Wednesday. The business’s fifty day moving average price is $68.39 and its 200 day moving average price is $72.91. United States Oil Fund LP has a 12 month low of $57.83 and a 12 month high of $83.29.
United States Oil Fund Company Profile
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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