Cambridge Investment Research Advisors Inc. Acquires 1,532 Shares of United States Oil Fund LP (NYSEARCA:USO)

Cambridge Investment Research Advisors Inc. increased its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 3.2% during the 2nd quarter, Holdings Channel reports. The fund owned 49,280 shares of the company’s stock after acquiring an additional 1,532 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in United States Oil Fund were worth $3,922,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in USO. Vermillion & White Wealth Management Group LLC bought a new stake in United States Oil Fund in the 4th quarter valued at about $44,000. CWM LLC raised its position in shares of United States Oil Fund by 45.9% during the fourth quarter. CWM LLC now owns 1,192 shares of the company’s stock worth $79,000 after purchasing an additional 375 shares during the period. Principal Securities Inc. acquired a new position in shares of United States Oil Fund during the fourth quarter worth approximately $107,000. St. Johns Investment Management Company LLC bought a new position in shares of United States Oil Fund in the 1st quarter worth $110,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in United States Oil Fund in the 4th quarter valued at $148,000.

United States Oil Fund Trading Down 3.2 %

USO opened at $74.34 on Friday. United States Oil Fund LP has a 1-year low of $63.84 and a 1-year high of $83.41. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 22.97 and a beta of 0.10. The company’s fifty day moving average price is $77.48 and its two-hundred day moving average price is $76.86.

United States Oil Fund 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.