HB Wealth Management LLC acquired a new position in shares of United States Oil Fund LP (NYSEARCA:USO – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 3,934 shares of the company’s stock, valued at approximately $297,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of United States Oil Fund in the 3rd quarter worth approximately $31,000. CENTRAL TRUST Co bought a new stake in United States Oil Fund in the third quarter worth $104,000. SG Americas Securities LLC grew its stake in shares of United States Oil Fund by 47.6% during the third quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock valued at $178,000 after buying an additional 822 shares during the last quarter. CWM LLC grew its stake in shares of United States Oil Fund by 134.2% during the third quarter. CWM LLC now owns 2,558 shares of the company’s stock valued at $179,000 after buying an additional 1,466 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of United States Oil Fund in the 3rd quarter valued at about $235,000.
United States Oil Fund Price Performance
Shares of USO stock opened at $79.21 on Friday. The business has a 50-day moving average of $75.10 and a 200 day moving average of $74.55. The stock has a market capitalization of $1.37 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 1-year low of $66.02 and a 1-year high of $84.58.
United States Oil Fund 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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