MGO One Seven LLC Decreases Stock Holdings in United States Oil Fund LP (NYSEARCA:USO)

MGO One Seven LLC reduced its holdings in United States Oil Fund LP (NYSEARCA:USO) by 2.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,028 shares of the company’s stock after selling 400 shares during the period. MGO One Seven LLC’s holdings in United States Oil Fund were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in USO. Daiwa Securities Group Inc. boosted its holdings in shares of United States Oil Fund by 9.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 28,500 shares of the company’s stock worth $2,268,000 after purchasing an additional 2,500 shares during the period. Victory Capital Management Inc. purchased a new position in shares of United States Oil Fund during the second quarter valued at approximately $28,422,000. Founders Financial Securities LLC grew its stake in shares of United States Oil Fund by 7.2% during the second 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 during the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of United States Oil Fund during the 2nd quarter worth approximately $340,000. Finally, International Assets Investment Management LLC lifted its position in shares of United States Oil Fund by 14.8% during the second quarter. International Assets Investment Management LLC now owns 6,945 shares of the company’s stock worth $553,000 after purchasing an additional 893 shares during the last quarter.

United States Oil Fund Price Performance

USO stock opened at $69.84 on Friday. United States Oil Fund LP has a 12 month low of $63.84 and a 12 month high of $83.41. The firm’s 50-day moving average is $75.37 and its 200 day moving average is $76.65. The company has a market capitalization of $1.21 billion, a PE ratio of 22.97 and a beta of 0.10.

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.