Envestnet Asset Management Inc. Purchases 2,292 Shares of United States Oil Fund LP (NYSEARCA:USO)

Envestnet Asset Management Inc. increased its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 26.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,880 shares of the company’s stock after buying an additional 2,292 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of United States Oil Fund worth $822,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Smith Moore & CO. boosted its position in United States Oil Fund by 11.7% in the fourth quarter. Smith Moore & CO. now owns 4,485 shares of the company’s stock valued at $339,000 after buying an additional 469 shares in the last quarter. National Bank of Canada FI boosted its position in United States Oil Fund by 35.1% in the 4th quarter. National Bank of Canada FI now owns 770 shares of the company’s stock valued at $58,000 after buying an additional 200 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of United States Oil Fund in the 4th quarter valued at $214,000. Murphy & Mullick Capital Management Corp acquired a new stake in United States Oil Fund in the fourth quarter worth about $25,000. Finally, FineMark National Bank & Trust bought a new stake in United States Oil Fund during the 4th quarter worth about $309,000.

United States Oil Fund Price Performance

USO opened at $64.01 on Friday. The firm has a 50 day simple moving average of $70.52 and a 200 day simple moving average of $73.42. The company has a market cap of $859.01 million, a price-to-earnings ratio of 20.50 and a beta of 0.06. United States Oil Fund LP has a fifty-two week low of $60.67 and a fifty-two week high of $84.58.

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.