United States Oil Fund LP (NYSEARCA:USO) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its stake in United States Oil Fund LP (NYSEARCA:USO) by 258.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,153 shares of the company’s stock after acquiring an additional 22,454 shares during the quarter. Bank of Montreal Can owned approximately 0.18% of United States Oil Fund worth $2,189,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Harvest Fund Management Co. Ltd increased its stake in shares of United States Oil Fund by 15.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 44,452 shares of the company’s stock valued at $3,108,000 after purchasing an additional 5,825 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in United States Oil Fund by 4.9% in the third quarter. Daiwa Securities Group Inc. now owns 29,900 shares of the company’s stock valued at $2,091,000 after purchasing an additional 1,400 shares during the period. Thrivent Financial for Lutherans increased its position in shares of United States Oil Fund by 21.4% in the third quarter. Thrivent Financial for Lutherans now owns 6,943 shares of the company’s stock valued at $485,000 after buying an additional 1,225 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of United States Oil Fund during the 3rd quarter worth approximately $235,000. Finally, Mutual Advisors LLC purchased a new position in shares of United States Oil Fund during the 3rd quarter valued at approximately $1,332,000.

United States Oil Fund Stock Performance

United States Oil Fund stock opened at $71.47 on Friday. The company’s fifty day moving average price is $72.87 and its 200 day moving average price is $74.70. The stock has a market capitalization of $1.24 billion, a P/E ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 1 year low of $63.84 and a 1 year high of $83.41.

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.