MML Investors Services LLC Sells 9,172 Shares of United States Oil Fund LP (NYSEARCA:USO)

MML Investors Services LLC lowered its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 49.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,229 shares of the company’s stock after selling 9,172 shares during the period. MML Investors Services LLC owned 0.05% of United States Oil Fund worth $645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Founders Financial Securities LLC increased its holdings in shares of United States Oil Fund by 7.2% in the second quarter. Founders Financial Securities LLC now owns 5,193 shares of the company’s stock worth $413,000 after purchasing an additional 350 shares during the period. Clear Investment Research LLC increased its stake in United States Oil Fund by 44.3% in the 2nd quarter. Clear Investment Research LLC now owns 1,589 shares of the company’s stock worth $126,000 after acquiring an additional 488 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of 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 valued at $178,000 after acquiring an additional 822 shares during the last quarter. Creative Planning grew its holdings in shares of United States Oil Fund by 7.7% during the second quarter. Creative Planning now owns 11,840 shares of the company’s stock worth $942,000 after purchasing an additional 849 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of United States Oil Fund by 14.8% in the second quarter. International Assets Investment Management LLC now owns 6,945 shares of the company’s stock worth $553,000 after purchasing an additional 893 shares during the last quarter.

United States Oil Fund Price Performance

USO stock opened at $73.10 on Friday. The firm has a 50 day simple moving average of $72.46 and a two-hundred day simple moving average of $74.47. The stock has a market cap of $1.27 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a one year low of $65.48 and a one year high of $83.41.

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.