Commonwealth Equity Services LLC Has $1.81 Million Position in United States Oil Fund LP (NYSEARCA:USO)

Commonwealth Equity Services LLC cut its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,947 shares of the company’s stock after selling 2,893 shares during the quarter. Commonwealth Equity Services LLC owned 0.14% of United States Oil Fund worth $1,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in United States Oil Fund in the 3rd quarter valued at $31,000. IFP Advisors Inc increased its stake in United States Oil Fund by 35.4% in the fourth quarter. IFP Advisors Inc now owns 765 shares of the company’s stock valued at $58,000 after acquiring an additional 200 shares during the period. St. Johns Investment Management Company LLC acquired a new position in United States Oil Fund in the fourth quarter worth about $97,000. US Bancorp DE lifted its stake in United States Oil Fund by 55.8% during the fourth quarter. US Bancorp DE now owns 1,676 shares of the company’s stock worth $127,000 after purchasing an additional 600 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in United States Oil Fund during the fourth quarter valued at approximately $219,000.

United States Oil Fund Trading Down 0.9 %

USO stock opened at $74.77 on Friday. The firm has a market cap of $1.00 billion, a P/E ratio of 21.87 and a beta of 0.58. United States Oil Fund LP has a 1-year low of $66.02 and a 1-year high of $84.58. The business’s 50 day moving average is $75.57 and its 200-day moving average is $74.28.

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.