United States Oil Fund LP (NYSEARCA:USO) Position Cut by Golden State Equity Partners

Golden State Equity Partners trimmed its holdings in United States Oil Fund LP (NYSEARCA:USO) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,397 shares of the company’s stock after selling 450 shares during the quarter. Golden State Equity Partners’ holdings in United States Oil Fund were worth $517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Flow Traders U.S. LLC boosted its stake in United States Oil Fund by 12.6% during the 1st quarter. Flow Traders U.S. LLC now owns 452,504 shares of the company’s stock valued at $35,626,000 after purchasing an additional 50,461 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of United States Oil Fund in the second quarter valued at $28,422,000. International Assets Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 140,586 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of United States Oil Fund by 3.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 49,280 shares of the company’s stock valued at $3,922,000 after purchasing an additional 1,532 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of United States Oil Fund by 2.3% in the second quarter. Arkadios Wealth Advisors now owns 42,033 shares of the company’s stock valued at $3,345,000 after purchasing an additional 961 shares in the last quarter.

United States Oil Fund Stock Up 2.5 %

USO opened at $71.38 on Thursday. The stock has a fifty day moving average of $72.78 and a 200-day moving average of $75.64. The firm has a market capitalization of $1.24 billion, a P/E ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 12-month low of $63.84 and a 12-month 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.