12,816 Shares in United States Oil Fund LP (NYSEARCA:USO) Bought by SVB Wealth LLC

SVB Wealth LLC bought a new stake in shares of United States Oil Fund LP (NYSEARCA:USO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,816 shares of the company’s stock, valued at approximately $968,000. SVB Wealth LLC owned approximately 0.07% of United States Oil Fund as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of USO. JPMorgan Chase & Co. increased its stake in United States Oil Fund by 279,273.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock worth $2,930,000 after acquiring an additional 41,891 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in United States Oil Fund by 23.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,400 shares of the company’s stock worth $853,000 after purchasing an additional 2,200 shares during the last quarter. Truist Financial Corp raised its stake in United States Oil Fund by 6.3% during the fourth quarter. Truist Financial Corp now owns 10,842 shares of the company’s stock valued at $819,000 after purchasing an additional 645 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in United States Oil Fund by 4.9% during the third quarter. Daiwa Securities Group Inc. now owns 29,900 shares of the company’s stock valued at $2,091,000 after purchasing an additional 1,400 shares during the last quarter. Finally, TOMS Capital Investment Management LP purchased a new position in shares of United States Oil Fund in the 3rd quarter worth $2,328,000.

United States Oil Fund Stock Down 2.5 %

United States Oil Fund stock opened at $73.32 on Tuesday. United States Oil Fund LP has a twelve month low of $66.02 and a twelve month high of $84.58. The company’s 50-day moving average price is $77.41 and its 200-day moving average price is $74.36. The company has a market cap of $1.26 billion, a PE ratio of 22.43 and a beta of 0.62.

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.