Wealth Enhancement Advisory Services LLC Purchases Shares of 3,632 United States Oil Fund LP (NYSEARCA:USO)

Wealth Enhancement Advisory Services LLC bought a new position in shares of United States Oil Fund LP (NYSEARCA:USO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,632 shares of the company’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CENTRAL TRUST Co bought a new position in United States Oil Fund in the 3rd quarter worth approximately $104,000. Clear Investment Research LLC raised its position in shares of United States Oil Fund by 44.3% during the 2nd quarter. Clear Investment Research LLC now owns 1,589 shares of the company’s stock valued at $126,000 after buying an additional 488 shares in the last quarter. SG Americas Securities LLC raised its position in United States Oil Fund by 47.6% in the 3rd quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock worth $178,000 after purchasing an additional 822 shares during the period. CWM LLC raised its position in United States Oil Fund by 134.2% in the 3rd quarter. CWM LLC now owns 2,558 shares of the company’s stock worth $179,000 after purchasing an additional 1,466 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in United States Oil Fund by 13.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 3,319 shares of the company’s stock worth $264,000 after purchasing an additional 400 shares during the period.

United States Oil Fund Stock Down 3.0 %

Shares of United States Oil Fund stock opened at $70.94 on Tuesday. The company’s fifty day simple moving average is $72.44 and its two-hundred day simple moving average is $75.25. The firm has a market cap of $1.23 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 12-month low of $63.84 and a 12-month high of $83.41.

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.