Three Seasons Wealth LLC Makes New Investment in United States Oil Fund LP $USO

Three Seasons Wealth LLC purchased a new stake in United States Oil Fund LP (NYSEARCA:USO) in the 2nd quarter, Holdings Channel reports. The firm purchased 5,227 shares of the company’s stock, valued at approximately $556,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in United States Oil Fund during the 1st quarter worth $57,000. Raymond James Financial Inc. bought a new position in United States Oil Fund during the second quarter worth about $38,000. PNC Financial Services Group Inc. acquired a new position in United States Oil Fund in the fourth quarter valued at about $48,000. Advisory Services Network LLC acquired a new position in United States Oil Fund in the third quarter valued at about $57,000. Finally, Fifth Third Bancorp increased its holdings in shares of United States Oil Fund by 11.6% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $142,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

United States Oil Fund Price Performance

Shares of United States Oil Fund stock opened at $141.96 on Friday. The company has a market capitalization of $2.22 billion, a P/E ratio of 19.22 and a beta of -0.02. The business has a 50-day moving average of $123.85 and a two-hundred day moving average of $122.13. United States Oil Fund LP has a 1 year low of $65.99 and a 1 year high of $154.08.

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.