United States Oil Fund LP (NYSEARCA:USO) Shares Sold by National Wealth Management Group LLC

National Wealth Management Group LLC lessened its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 37.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,283 shares of the company’s stock after selling 4,376 shares during the quarter. National Wealth Management Group LLC’s holdings in United States Oil Fund were worth $509,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. acquired a new stake in United States Oil Fund in the second quarter valued at approximately $28,422,000. International Assets Investment Management LLC grew its position in United States Oil Fund by 2,024.3% in the third quarter. International Assets Investment Management LLC now owns 147,531 shares of the company’s stock valued at $10,315,000 after acquiring an additional 140,586 shares in the last quarter. Toronto Dominion Bank acquired a new stake in United States Oil Fund in the second quarter valued at approximately $2,867,000. Cetera Investment Advisers acquired a new stake in United States Oil Fund in the first quarter valued at approximately $2,491,000. Finally, Bank of Montreal Can grew its position in United States Oil Fund by 258.1% in the third quarter. Bank of Montreal Can now owns 31,153 shares of the company’s stock valued at $2,189,000 after acquiring an additional 22,454 shares in the last quarter.

United States Oil Fund Trading Up 0.2 %

United States Oil Fund stock opened at $71.72 on Thursday. The stock has a market cap of $1.24 billion, a P/E ratio of 22.97 and a beta of 0.10. The stock has a 50 day moving average of $72.92 and a 200-day moving average of $74.87. United States Oil Fund LP has a 52 week low of $63.84 and a 52 week 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.