Westside Investment Management Inc. Trims Stock Holdings in United States Oil Fund LP (NYSEARCA:USO)

Westside Investment Management Inc. trimmed its holdings in United States Oil Fund LP (NYSEARCA:USO) by 27.9% in the first quarter, Holdings Channel reports. The institutional investor owned 387 shares of the company’s stock after selling 150 shares during the quarter. Westside Investment Management Inc.’s holdings in United States Oil Fund were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of United States Oil Fund by 8,512.4% during the 4th quarter. International Assets Investment Management LLC now owns 222,544 shares of the company’s stock valued at $14,833,000 after purchasing an additional 219,960 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of United States Oil Fund during the 4th quarter valued at $9,238,000. New York State Common Retirement Fund purchased a new position in shares of United States Oil Fund during the 4th quarter valued at $9,319,000. Parkwood LLC grew its position in shares of United States Oil Fund by 644.4% during the 4th quarter. Parkwood LLC now owns 150,473 shares of the company’s stock valued at $10,029,000 after purchasing an additional 130,258 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of United States Oil Fund during the 4th quarter valued at $5,030,000.

United States Oil Fund Price Performance

USO opened at $81.27 on Friday. The company has a fifty day moving average price of $76.75 and a 200-day moving average price of $74.62. The firm 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 LP has a one year low of $63.12 and a one 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.