Commonwealth Equity Services LLC Has $2.16 Million Position in United States Oil Fund LP (NYSEARCA:USO)

Commonwealth Equity Services LLC lessened its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 5.3% in the second quarter, Holdings Channel.com reports. The fund owned 27,153 shares of the company’s stock after selling 1,505 shares during the quarter. Commonwealth Equity Services LLC’s holdings in United States Oil Fund were worth $2,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of United States Oil Fund during the fourth quarter worth $44,000. St. Johns Investment Management Company LLC bought a new position in United States Oil Fund during the first quarter worth about $110,000. Principal Securities Inc. acquired a new position in shares of United States Oil Fund during the 4th quarter worth about $107,000. U S Global Investors Inc. bought a new stake in shares of United States Oil Fund in the 1st quarter valued at about $157,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of United States Oil Fund in the 1st quarter valued at approximately $197,000.

United States Oil Fund Stock Performance

USO opened at $69.89 on Friday. United States Oil Fund LP has a twelve month low of $63.84 and a twelve month high of $83.41. The firm has a market cap of $1.21 billion, a PE ratio of 22.97 and a beta of 0.10. The firm’s fifty day moving average is $75.60 and its two-hundred day moving average is $76.67.

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.