JPMorgan Chase & Co. Purchases 41,891 Shares of United States Oil Fund LP (NYSEARCA:USO)

JPMorgan Chase & Co. increased its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 279,273.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,906 shares of the company’s stock after acquiring an additional 41,891 shares during the quarter. JPMorgan Chase & Co. owned about 0.24% of United States Oil Fund worth $2,930,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of USO. International Assets Investment Management LLC raised its stake in United States Oil Fund by 2,024.3% in the third quarter. International Assets Investment Management LLC now owns 147,531 shares of the company’s stock valued at $10,315,000 after buying an additional 140,586 shares during the last quarter. FFG Partners LLC raised its position in shares of United States Oil Fund by 2.2% in the 3rd quarter. FFG Partners LLC now owns 76,277 shares of the company’s stock valued at $5,333,000 after purchasing an additional 1,640 shares during the last quarter. Clearline Capital LP purchased a new position in shares of United States Oil Fund in the 3rd quarter valued at approximately $5,323,000. Savoie Capital LLC acquired a new stake in United States Oil Fund in the 3rd quarter worth approximately $3,699,000. Finally, Harvest Fund Management Co. Ltd grew its position in United States Oil Fund by 15.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 44,452 shares of the company’s stock worth $3,108,000 after purchasing an additional 5,825 shares during the last quarter.

United States Oil Fund Trading Down 0.5 %

NYSEARCA USO opened at $82.52 on Monday. United States Oil Fund LP has a 12-month low of $66.02 and a 12-month high of $84.58. The company has a fifty day simple moving average of $74.31 and a two-hundred day simple moving average of $74.46. The stock has a market cap of $1.43 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.