2,892 Shares in United States Oil Fund LP (NYSEARCA:USO) Purchased by Brookstone Capital Management

Brookstone Capital Management purchased a new position in United States Oil Fund LP (NYSEARCA:USO) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,892 shares of the company’s stock, valued at approximately $228,000.

A number of other large investors have also recently bought and sold shares of USO. Mariner LLC lifted its holdings in United States Oil Fund by 58.5% in the third quarter. Mariner LLC now owns 13,117 shares of the company’s stock worth $1,061,000 after acquiring an additional 4,840 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in United States Oil Fund in the third quarter worth about $238,000. Scotia Capital Inc. bought a new position in United States Oil Fund in the third quarter worth about $666,000. Doliver Advisors LP bought a new position in United States Oil Fund in the fourth quarter worth about $284,000. Finally, Versant Capital Management Inc bought a new position in United States Oil Fund in the fourth quarter worth about $40,000.

United States Oil Fund Stock Down 0.5 %

Shares of NYSEARCA USO opened at $81.13 on Wednesday. The firm’s 50-day moving average price is $76.70 and its two-hundred day moving average price is $74.52. United States Oil Fund LP has a 52-week low of $63.12 and a 52-week high of $83.41. The stock has a market capitalization of $1.41 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.