Cetera Investment Advisers Has $892,000 Position in United States Oil Fund LP (NYSEARCA:USO)

Cetera Investment Advisers reduced its holdings in United States Oil Fund LP (NYSEARCA:USO) by 76.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,539 shares of the company’s stock after selling 36,928 shares during the quarter. Cetera Investment Advisers owned about 0.09% of United States Oil Fund worth $892,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co acquired a new stake in shares of United States Oil Fund in the first quarter valued at about $122,000. Menard Financial Group LLC acquired a new stake in shares of United States Oil Fund in the fourth quarter valued at about $130,000. Opal Wealth Advisors LLC acquired a new stake in shares of United States Oil Fund in the first quarter valued at about $194,000. Scotia Capital Inc. grew its position in shares of United States Oil Fund by 12.6% in the fourth quarter. Scotia Capital Inc. now owns 4,200 shares of the company’s stock valued at $317,000 after purchasing an additional 470 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of United States Oil Fund by 62.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,412 shares of the company’s stock valued at $409,000 after purchasing an additional 2,081 shares during the last quarter. 67.47% of the stock is owned by institutional investors and hedge funds.

United States Oil Fund Stock Performance

Shares of NYSEARCA:USO opened at $72.95 on Wednesday. The company has a market cap of $876.86 million, a P/E ratio of 19.22 and a beta of 0.93. The stock’s 50-day moving average is $75.75 and its 200-day moving average is $72.81. United States Oil Fund LP has a 52-week low of $60.67 and a 52-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.