Cwm LLC Raises Holdings in United States Oil Fund LP (NYSEARCA:USO)

Cwm LLC increased its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 45.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,192 shares of the company’s stock after purchasing an additional 375 shares during the quarter. Cwm LLC’s holdings in United States Oil Fund were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of USO. Powell Investment Advisors LLC bought a new position in United States Oil Fund during the fourth quarter valued at approximately $964,000. Daiwa Securities Group Inc. increased its position in shares of United States Oil Fund by 18.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,800 shares of the company’s stock valued at $1,720,000 after purchasing an additional 4,000 shares during the last quarter. Simplicity Solutions LLC bought a new position in shares of United States Oil Fund in the 4th quarter worth approximately $244,000. Cerity Partners LLC purchased a new position in shares of United States Oil Fund in the fourth quarter worth approximately $340,000. Finally, Arlington Trust Co LLC purchased a new position in shares of United States Oil Fund during the 4th quarter worth $90,000.

United States Oil Fund Stock Down 0.2 %

Shares of USO opened at $75.50 on Wednesday. The business has a 50-day simple moving average of $77.86 and a two-hundred day simple moving average of $73.10. United States Oil Fund LP has a 52 week low of $60.02 and a 52 week high of $83.41. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 22.97 and a beta of 0.10.

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.