International Assets Investment Management LLC Acquires 140,586 Shares of United States Oil Fund LP (NYSEARCA:USO)

International Assets Investment Management LLC boosted its holdings in United States Oil Fund LP (NYSEARCA:USO) by 2,024.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,531 shares of the company’s stock after purchasing an additional 140,586 shares during the period. International Assets Investment Management LLC owned about 0.85% of United States Oil Fund worth $10,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. CWM LLC grew its position in United States Oil Fund by 134.2% in the third quarter. CWM LLC now owns 2,558 shares of the company’s stock valued at $179,000 after purchasing an additional 1,466 shares in the last quarter. SG Americas Securities LLC grew its position in United States Oil Fund by 47.6% in the third quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock valued at $178,000 after purchasing an additional 822 shares in the last quarter. Sanctuary Advisors LLC bought a new position in United States Oil Fund in the second quarter valued at $303,000. Creative Planning grew its position 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 in the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of United States Oil Fund in the 2nd quarter valued at about $2,867,000.

United States Oil Fund Price Performance

Shares of USO opened at $71.38 on Thursday. The firm has a 50-day moving average of $72.78 and a 200-day moving average of $75.64. United States Oil Fund LP has a one year low of $63.84 and a one year high of $83.41. The company has a market cap of $1.24 billion, a PE ratio of 22.97 and a beta of 0.10.

United States Oil Fund Company 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.