Founders Financial Securities LLC Buys 350 Shares of United States Oil Fund LP (NYSEARCA:USO)

Founders Financial Securities LLC grew its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 7.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,193 shares of the company’s stock after acquiring an additional 350 shares during the quarter. Founders Financial Securities LLC’s holdings in United States Oil Fund were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Daiwa Securities Group Inc. lifted its position in shares of United States Oil Fund by 0.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 26,000 shares of the company’s stock valued at $2,047,000 after acquiring an additional 200 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of United States Oil Fund by 13.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 3,319 shares of the company’s stock valued at $264,000 after acquiring an additional 400 shares during the period. Vermillion & White Wealth Management Group LLC bought a new stake in shares of United States Oil Fund during the 4th quarter valued at $44,000. International Assets Investment Management LLC lifted its position in shares of United States Oil Fund by 14.8% during the 2nd quarter. International Assets Investment Management LLC now owns 6,945 shares of the company’s stock valued at $553,000 after acquiring an additional 893 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in shares of United States Oil Fund by 2.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 42,033 shares of the company’s stock valued at $3,345,000 after acquiring an additional 961 shares during the period.

United States Oil Fund Stock Performance

United States Oil Fund stock opened at $69.89 on Friday. United States Oil Fund LP has a 52 week low of $63.84 and a 52 week high of $83.41. The stock has a market capitalization of $1.21 billion, a P/E ratio of 22.97 and a beta of 0.10. The stock has a fifty day moving average of $76.84 and a 200-day moving average of $76.82.

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.