United States Oil Fund LP (NYSEARCA:USO) Shares Purchased by Cavalier Investments LLC

Cavalier Investments LLC grew its position in United States Oil Fund LP (NYSEARCA:USO) by 3.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,022 shares of the company’s stock after buying an additional 405 shares during the period. Cavalier Investments LLC’s holdings in United States Oil Fund were worth $908,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in United States Oil Fund in the 3rd quarter worth about $31,000. IFP Advisors Inc grew its position in United States Oil Fund by 35.4% in the 4th quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares during the last quarter. St. Johns Investment Management Company LLC bought a new position in United States Oil Fund in the 4th quarter worth about $97,000. Foundations Investment Advisors LLC bought a new position in United States Oil Fund in the 4th quarter worth about $219,000. Finally, Oppenheimer & Co. Inc. bought a new position in United States Oil Fund in the 3rd quarter worth about $235,000.

United States Oil Fund Trading Down 2.4 %

NYSEARCA USO opened at $74.13 on Wednesday. United States Oil Fund LP has a 52 week low of $66.02 and a 52 week high of $84.58. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 22.97 and a beta of 0.10. The company has a 50-day moving average price of $77.30 and a two-hundred day moving average price of $74.45.

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.