Creative Planning lowered its stake in United States Oil Fund, LP (NYSEARCA:USO – Get Rating) by 31.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,822 shares of the company’s stock after selling 7,824 shares during the quarter. Creative Planning owned 0.07% of United States Oil Fund worth $1,179,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Credit Suisse AG raised its holdings in shares of United States Oil Fund by 63.8% during the third quarter. Credit Suisse AG now owns 3,103,936 shares of the company’s stock valued at $202,625,000 after acquiring an additional 1,209,184 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of United States Oil Fund by 235.0% during the third quarter. Bank of Montreal Can now owns 1,686,092 shares of the company’s stock valued at $131,093,000 after acquiring an additional 1,182,846 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of United States Oil Fund by 34.0% during the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 847,400 shares of the company’s stock valued at $59,411,000 after acquiring an additional 215,000 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of United States Oil Fund during the fourth quarter valued at approximately $35,055,000. Finally, BlackRock Inc. raised its holdings in shares of United States Oil Fund by 4.2% during the third quarter. BlackRock Inc. now owns 338,102 shares of the company’s stock valued at $22,072,000 after acquiring an additional 13,587 shares in the last quarter.
United States Oil Fund Stock Performance
Shares of United States Oil Fund stock opened at $64.06 on Tuesday. The business has a 50 day moving average of $66.07 and a 200 day moving average of $66.72. United States Oil Fund, LP has a 52 week low of $57.83 and a 52 week high of $92.20.
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.
Further Reading
- Get a free copy of the StockNews.com research report on United States Oil Fund (USO)
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