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

Golden State Equity Partners reduced its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the 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 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in USO. Brookstone Capital Management acquired a new stake in shares of United States Oil Fund in the 1st quarter valued at about $228,000. Kovack Advisors Inc. acquired a new stake in United States Oil Fund during the 1st quarter worth approximately $258,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in United States Oil Fund during the 1st quarter worth approximately $874,000. Daiwa Securities Group Inc. lifted its position in United States Oil Fund by 0.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 26,000 shares of the company’s stock worth $2,047,000 after acquiring an additional 200 shares during the period. Finally, Flow Traders U.S. LLC lifted its position 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 worth $35,626,000 after acquiring an additional 50,461 shares during the period.

United States Oil Fund Trading Up 2.5 %

United States Oil Fund stock opened at $71.38 on Thursday. The stock has a 50 day moving average of $72.78 and a two-hundred day moving average of $75.64. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a twelve month low of $63.84 and a twelve month high of $83.41.

United States Oil Fund Company 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.