357,102 Shares in United States Oil Fund LP (NYSEARCA:USO) Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new position in United States Oil Fund LP (NYSEARCA:USO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 357,102 shares of the company’s stock, valued at approximately $28,422,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its position in shares of United States Oil Fund by 0.8% during the first quarter. Daiwa Securities Group Inc. now owns 26,000 shares of the company’s stock valued at $2,047,000 after purchasing an additional 200 shares in the last quarter. Founders Financial Securities LLC grew its holdings in United States Oil Fund by 7.2% during the 2nd quarter. Founders Financial Securities LLC now owns 5,193 shares of the company’s stock valued at $413,000 after buying an additional 350 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in United States Oil Fund by 13.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 3,319 shares of the company’s stock worth $264,000 after acquiring an additional 400 shares during the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of United States Oil Fund during the 4th quarter worth approximately $44,000. Finally, International Assets Investment Management LLC boosted 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 last quarter.

United States Oil Fund Stock Performance

USO stock opened at $66.96 on Wednesday. The firm has a fifty day moving average price of $76.09 and a 200 day moving average price of $76.78. United States Oil Fund LP has a fifty-two week low of $63.84 and a fifty-two week high of $83.41. The firm has a market cap of $1.16 billion, a PE ratio of 22.97 and a beta of 0.10.

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.