SVB Wealth LLC Acquires New Shares in United States Oil Fund LP (NYSEARCA:USO)

SVB Wealth LLC bought a new position in United States Oil Fund LP (NYSEARCA:USO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,787 shares of the company’s stock, valued at approximately $1,007,000. SVB Wealth LLC owned 0.07% of United States Oil Fund at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in United States Oil Fund by 11.0% during the 4th quarter. SG Americas Securities LLC now owns 3,548 shares of the company’s stock valued at $236,000 after acquiring an additional 351 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of United States Oil Fund by 8,512.4% during the fourth quarter. International Assets Investment Management LLC now owns 222,544 shares of the company’s stock valued at $14,833,000 after acquiring an additional 219,960 shares during the period. Allworth Financial LP increased its stake in shares of United States Oil Fund by 299.6% during the fourth quarter. Allworth Financial LP now owns 3,001 shares of the company’s stock valued at $200,000 after acquiring an additional 2,250 shares during the period. Arlington Trust Co LLC acquired a new position in shares of United States Oil Fund during the 4th quarter valued at $90,000. Finally, Cerity Partners LLC bought a new position in United States Oil Fund during the fourth quarter valued at about $340,000.

United States Oil Fund Stock Down 1.2 %

Shares of NYSEARCA USO traded down $0.92 during mid-day trading on Monday, hitting $75.19. 1,948,787 shares of the company traded hands, compared to its average volume of 3,666,991. The business has a 50 day moving average of $77.57 and a two-hundred day moving average of $75.97. The stock has a market capitalization of $1.30 billion, a price-to-earnings 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.

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.