United States Oil Fund LP (NYSEARCA:USO) Stake Reduced by Larson Financial Group LLC

Larson Financial Group LLC cut its holdings in United States Oil Fund LP (NYSEARCA:USO) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,148 shares of the company’s stock after selling 291 shares during the quarter. Larson Financial Group LLC’s holdings in United States Oil Fund were worth $251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USO. Principal Securities Inc. acquired a new stake in United States Oil Fund during the 4th quarter worth about $107,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in United States Oil Fund during the 4th quarter worth about $148,000. Meridian Wealth Management LLC acquired a new stake in United States Oil Fund during the 4th quarter worth about $1,545,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in United States Oil Fund during the 4th quarter worth about $3,999,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in United States Oil Fund by 159.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 108,286 shares of the company’s stock worth $7,217,000 after buying an additional 66,530 shares during the period.

United States Oil Fund Trading Down 1.4 %

NYSEARCA USO opened at $68.93 on Friday. The stock’s 50-day moving average price is $76.62 and its two-hundred day moving average price is $76.79. The company has a market cap of $1.19 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 1 year low of $63.84 and a 1 year 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.