2,926 Shares in United States Oil Fund LP (NYSEARCA:USO) Acquired by Nwam LLC

Nwam LLC acquired a new stake in United States Oil Fund LP (NYSEARCA:USO) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,926 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors have also recently bought and sold shares of the company. Clearline Capital LP acquired a new position in shares of United States Oil Fund during the 3rd quarter worth about $5,323,000. Savoie Capital LLC bought a new position in United States Oil Fund during the 3rd quarter worth approximately $3,699,000. JPMorgan Chase & Co. grew its holdings in United States Oil Fund by 279,273.3% during the third quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock valued at $2,930,000 after purchasing an additional 41,891 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in United States Oil Fund in the third quarter valued at approximately $2,829,000. Finally, TOMS Capital Investment Management LP acquired a new stake in United States Oil Fund in the third quarter worth $2,328,000.

United States Oil Fund Stock Down 0.1 %

Shares of NYSEARCA USO opened at $75.22 on Friday. United States Oil Fund LP has a twelve month low of $66.02 and a twelve month high of $84.58. The company’s fifty day moving average is $77.41 and its 200-day moving average is $74.40. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 22.43 and a beta of 0.62.

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.