US Bancorp DE Raises Holdings in United States Oil Fund LP (NYSEARCA:USO)

US Bancorp DE boosted its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 55.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,676 shares of the company’s stock after buying an additional 600 shares during the quarter. US Bancorp DE’s holdings in United States Oil Fund were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SVB Wealth LLC bought a new position in shares of United States Oil Fund in the 4th quarter worth approximately $968,000. Fortress Financial Group LLC purchased a new position in shares of United States Oil Fund in the 4th quarter worth $282,000. Nwam LLC purchased a new position in shares of United States Oil Fund in the 4th quarter worth $221,000. Cavalier Investments LLC boosted its stake in shares of United States Oil Fund by 3.5% in the 4th quarter. Cavalier Investments LLC now owns 12,022 shares of the company’s stock worth $908,000 after buying an additional 405 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in United States Oil Fund by 35.4% during the fourth quarter. IFP Advisors Inc now owns 765 shares of the company’s stock valued at $58,000 after purchasing an additional 200 shares in the last quarter.

United States Oil Fund Stock Performance

NYSEARCA USO opened at $72.28 on Monday. The business’s fifty day moving average is $76.85 and its 200 day moving average is $74.15. The company has a market capitalization of $970.00 million, a PE ratio of 21.87 and a beta of 0.58. United States Oil Fund LP has a fifty-two week low of $66.02 and a fifty-two week high of $84.58.

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.