United States Oil Fund LP (NYSEARCA:USO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in United States Oil Fund LP (NYSEARCA:USO) by 85.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,699 shares of the company’s stock after selling 49,521 shares during the quarter. Bank of Montreal Can owned about 0.05% of United States Oil Fund worth $692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. St. Johns Investment Management Company LLC purchased a new position in shares of United States Oil Fund in the first quarter worth $110,000. Clear Investment Research LLC raised its stake in United States Oil Fund by 44.3% in the 2nd quarter. Clear Investment Research LLC now owns 1,589 shares of the company’s stock worth $126,000 after acquiring an additional 488 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in United States Oil Fund during the 1st quarter worth about $197,000. Brookstone Capital Management purchased a new stake in United States Oil Fund during the 1st quarter valued at about $228,000. Finally, Kovack Advisors Inc. acquired a new position in shares of United States Oil Fund in the first quarter valued at about $258,000.

United States Oil Fund Stock Down 4.3 %

Shares of NYSEARCA:USO opened at $75.79 on Wednesday. United States Oil Fund LP has a 52-week low of $63.84 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. The business has a 50-day moving average price of $73.43 and a 200-day moving average price of $76.39.

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.