United States Oil Fund LP (NYSEARCA:USO) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 10.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,200 shares of the company’s stock after selling 1,200 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of United States Oil Fund worth $763,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Barclays PLC raised its position in United States Oil Fund by 53.9% during the 4th quarter. Barclays PLC now owns 177,860 shares of the company’s stock worth $13,438,000 after buying an additional 62,292 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of United States Oil Fund during the fourth quarter worth $10,399,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of United States Oil Fund by 75.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 77,836 shares of the company’s stock valued at $5,878,000 after purchasing an additional 33,384 shares during the last quarter. Himension Capital Singapore PTE. LTD. raised its holdings in United States Oil Fund by 17.6% in the fourth quarter. Himension Capital Singapore PTE. LTD. now owns 40,314 shares of the company’s stock valued at $3,046,000 after buying an additional 6,044 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in United States Oil Fund by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 33,877 shares of the company’s stock valued at $2,559,000 after purchasing an additional 17,990 shares in the last quarter. 67.47% of the stock is owned by institutional investors and hedge funds.

United States Oil Fund Stock Down 0.5%

Shares of NYSEARCA:USO opened at $75.19 on Friday. The company has a 50 day moving average of $70.84 and a two-hundred day moving average of $73.15. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.22 and a beta of 0.93. United States Oil Fund LP has a 52-week low of $60.67 and a 52-week high of $84.58.

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.