Mirae Asset Global Investments Co. Ltd. Increases Stock Position in United States Oil Fund LP (NYSEARCA:USO)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in United States Oil Fund LP (NYSEARCA:USO) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,400 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of United States Oil Fund worth $853,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of USO. Wilmington Savings Fund Society FSB purchased a new stake in shares of United States Oil Fund in the third quarter valued at about $31,000. St. Johns Investment Management Company LLC acquired a new position in United States Oil Fund in the 4th quarter valued at about $97,000. CENTRAL TRUST Co purchased a new stake in United States Oil Fund during the 3rd quarter valued at approximately $104,000. SG Americas Securities LLC lifted its position in United States Oil Fund by 47.6% during the 3rd quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock worth $178,000 after acquiring an additional 822 shares during the period. Finally, CWM LLC grew its stake in shares of United States Oil Fund by 134.2% in the 3rd quarter. CWM LLC now owns 2,558 shares of the company’s stock valued at $179,000 after purchasing an additional 1,466 shares during the last quarter.

United States Oil Fund Trading Up 1.1 %

NYSEARCA:USO opened at $78.27 on Wednesday. United States Oil Fund LP has a 12-month low of $66.02 and a 12-month high of $84.58. The stock’s 50 day simple moving average is $76.54 and its 200-day simple moving average is $74.36. The firm has a market cap of $1.36 billion, a P/E ratio of 22.97 and a beta of 0.10.

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.