US Bancorp DE Sells 285 Shares of United States Oil Fund LP (NYSEARCA:USO)

US Bancorp DE reduced its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,076 shares of the company’s stock after selling 285 shares during the period. US Bancorp DE’s holdings in United States Oil Fund were worth $75,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Flow Traders U.S. LLC lifted its holdings in shares of United States Oil Fund by 12.6% during the first quarter. Flow Traders U.S. LLC now owns 452,504 shares of the company’s stock valued at $35,626,000 after purchasing an additional 50,461 shares during the last quarter. SVB Wealth LLC purchased a new position in United States Oil Fund during the first quarter valued at $1,007,000. B. Riley Wealth Advisors Inc. purchased a new position in United States Oil Fund during the first quarter valued at $285,000. Cetera Investment Advisers bought a new stake in United States Oil Fund in the first quarter worth $2,491,000. Finally, Cetera Advisors LLC grew its stake in shares of United States Oil Fund by 63.9% in the first quarter. Cetera Advisors LLC now owns 12,106 shares of the company’s stock worth $953,000 after acquiring an additional 4,719 shares during the last quarter.

United States Oil Fund Price Performance

USO opened at $69.75 on Friday. The firm has a market cap of $1.21 billion, a PE ratio of 22.97 and a beta of 0.10. The stock has a 50-day moving average price of $72.50 and a 200-day moving average price of $75.04. United States Oil Fund LP has a 1 year low of $63.84 and a 1 year high of $83.41.

About United States Oil Fund

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.