Sanctuary Advisors LLC Buys New Position in United States Oil Fund LP (NYSEARCA:USO)

Sanctuary Advisors LLC bought a new stake in United States Oil Fund LP (NYSEARCA:USO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,766 shares of the company’s stock, valued at approximately $303,000.

Other hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its position in United States Oil Fund by 0.8% during the first quarter. Daiwa Securities Group Inc. now owns 26,000 shares of the company’s stock worth $2,047,000 after buying an additional 200 shares during the period. Founders Financial Securities LLC lifted its holdings in shares of United States Oil Fund by 7.2% during the 2nd quarter. Founders Financial Securities LLC now owns 5,193 shares of the company’s stock worth $413,000 after acquiring an additional 350 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of United States Oil Fund by 13.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 3,319 shares of the company’s stock worth $264,000 after acquiring an additional 400 shares during the period. Clear Investment Research LLC boosted its position in shares of United States Oil Fund by 44.3% in the second 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. Finally, Creative Planning grew its holdings in United States Oil Fund by 7.7% in the second quarter. Creative Planning now owns 11,840 shares of the company’s stock valued at $942,000 after purchasing an additional 849 shares during the period.

United States Oil Fund Trading Down 1.7 %

Shares of United States Oil Fund stock opened at $71.36 on Friday. The business’s fifty day moving average price is $73.35 and its 200 day moving average price is $76.20. United States Oil Fund LP has a twelve month low of $63.84 and a twelve month high of $83.41. The stock has a market capitalization of $1.24 billion, a P/E ratio of 22.97 and a beta of 0.10.

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.