Foundations Investment Advisors LLC Purchases New Position in United States Oil Fund LP (NYSEARCA:USO)

Foundations Investment Advisors LLC purchased a new stake in United States Oil Fund LP (NYSEARCA:USO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,899 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds have also bought and sold shares of the company. St. Johns Investment Management Company LLC acquired a new stake in shares of United States Oil Fund during the 4th quarter valued at about $97,000. Global Wealth Management LLC purchased a new position in United States Oil Fund during the fourth quarter worth approximately $923,000. HB Wealth Management LLC acquired a new stake in United States Oil Fund in the fourth quarter valued at approximately $297,000. JPMorgan Chase & Co. increased its position in shares of United States Oil Fund by 279,273.3% in the third quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock valued at $2,930,000 after buying an additional 41,891 shares in the last quarter. Finally, FFG Partners LLC raised its stake in shares of United States Oil Fund by 2.2% during the 3rd quarter. FFG Partners LLC now owns 76,277 shares of the company’s stock worth $5,333,000 after buying an additional 1,640 shares during the period.

United States Oil Fund Stock Performance

United States Oil Fund stock opened at $78.02 on Friday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 22.97 and a beta of 0.10. The company’s fifty day moving average price is $75.82 and its 200 day moving average price is $74.46. United States Oil Fund LP has a 1 year low of $66.02 and a 1 year high of $84.58.

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.