United States Oil Fund LP (NYSEARCA:USO) Shares Sold by Golden State Equity Partners

Golden State Equity Partners lessened its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,462 shares of the company’s stock after selling 465 shares during the quarter. Golden State Equity Partners’ holdings in United States Oil Fund were worth $631,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. bought a new stake in shares of United States Oil Fund in the 3rd quarter worth $40,000. Commonwealth Equity Services LLC raised its stake in shares of United States Oil Fund by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 30,893 shares of the company’s stock worth $2,498,000 after buying an additional 362 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of United States Oil Fund in the 3rd quarter worth $452,000. Summit Financial Strategies Inc. acquired a new stake in shares of United States Oil Fund during the third quarter worth $237,000. Finally, Selway Asset Management acquired a new stake in shares of United States Oil Fund during the third quarter worth $57,000.

United States Oil Fund Trading Down 0.1 %

Shares of United States Oil Fund stock traded down $0.05 on Friday, reaching $80.39. 1,605,343 shares of the company were exchanged, compared to its average volume of 4,613,383. The stock has a fifty day moving average price of $77.22 and a 200-day moving average price of $73.24. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 24.70 and a beta of 0.19. United States Oil Fund LP has a fifty-two week low of $59.78 and a fifty-two week high of $83.41.

United States Oil Fund Profile

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.