Compass Wealth Management LLC Acquires New Position in United States Oil Fund LP $USO

Compass Wealth Management LLC acquired a new stake in United States Oil Fund LP (NYSEARCA:USOFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,729 shares of the company’s stock, valued at approximately $2,709,000. Compass Wealth Management LLC owned 0.28% of United States Oil Fund at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in USO. Activest Wealth Management bought a new stake in shares of United States Oil Fund during the third quarter valued at approximately $28,000. Raymond James Financial Inc. purchased a new position in United States Oil Fund during the 2nd quarter worth $38,000. Financial Consulate Inc. purchased a new position in United States Oil Fund during the 3rd quarter worth $42,000. Harbour Investments Inc. raised its position in United States Oil Fund by 37.1% during the 2nd quarter. Harbour Investments Inc. now owns 831 shares of the company’s stock valued at $61,000 after purchasing an additional 225 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in United States Oil Fund by 22.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,132 shares of the company’s stock valued at $83,000 after purchasing an additional 210 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors.

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United States Oil Fund Trading Up 2.3%

USO opened at $81.19 on Friday. United States Oil Fund LP has a 12-month low of $60.67 and a 12-month high of $83.57. The business’s fifty day simple moving average is $72.83 and its 200-day simple moving average is $72.58. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.22 and a beta of 0.40.

About United States Oil Fund

(Free Report)

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.

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Institutional Ownership by Quarter for United States Oil Fund (NYSEARCA:USO)

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