Rockefeller Capital Management L.P. Increases Stock Position in United States Oil Fund LP (NYSEARCA:USO)

Rockefeller Capital Management L.P. grew its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,887 shares of the company’s stock after purchasing an additional 3,918 shares during the period. Rockefeller Capital Management L.P.’s holdings in United States Oil Fund were worth $1,111,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Victory Capital Management Inc. purchased a new position in United States Oil Fund in the second quarter worth $28,422,000. International Assets Investment Management LLC grew its stake in shares of United States Oil Fund by 2,024.3% during the 3rd quarter. International Assets Investment Management LLC now owns 147,531 shares of the company’s stock worth $10,315,000 after purchasing an additional 140,586 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of United States Oil Fund by 3.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 49,280 shares of the company’s stock valued at $3,922,000 after purchasing an additional 1,532 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of United States Oil Fund by 15.1% in the third 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 during the period. Finally, Arkadios Wealth Advisors grew its position in United States Oil Fund by 2.3% during the second quarter. Arkadios Wealth Advisors now owns 42,033 shares of the company’s stock worth $3,345,000 after buying an additional 961 shares during the period.

United States Oil Fund Trading Down 1.7 %

USO stock opened at $70.24 on Monday. The firm has a 50 day moving average of $72.92 and a 200-day moving average of $74.62. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 12-month low of $63.84 and a 12-month 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.