Fortress Financial Group LLC Invests $282,000 in United States Oil Fund LP (NYSEARCA:USO)

Fortress Financial Group LLC acquired a new stake in United States Oil Fund LP (NYSEARCA:USO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,734 shares of the company’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in United States Oil Fund during the 3rd quarter worth about $31,000. IFP Advisors Inc raised its holdings in United States Oil Fund by 35.4% during the fourth quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in United States Oil Fund in the fourth quarter worth $97,000. Foundations Investment Advisors LLC purchased a new stake in shares of United States Oil Fund during the 4th quarter worth $219,000. Finally, Nwam LLC acquired a new position in shares of United States Oil Fund during the 4th quarter worth $221,000.

United States Oil Fund Stock Up 1.9 %

Shares of USO opened at $75.28 on Friday. The company has a market capitalization of $1.29 billion, a PE ratio of 22.43 and a beta of 0.62. United States Oil Fund LP has a 52-week low of $66.02 and a 52-week high of $84.58. The company has a 50-day simple moving average of $77.37 and a 200-day simple moving average of $74.45.

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.