Arete Wealth Advisors LLC Boosts Holdings in United States Oil Fund LP $USO

Arete Wealth Advisors LLC lifted its position in shares of United States Oil Fund LP (NYSEARCA:USOFree Report) by 30.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,408 shares of the company’s stock after buying an additional 7,971 shares during the period. Arete Wealth Advisors LLC owned approximately 0.26% of United States Oil Fund worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Activest Wealth Management purchased a new position in United States Oil Fund in the third quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new position in shares of United States Oil Fund in the 2nd quarter valued at $38,000. Financial Consulate Inc. purchased a new position in shares of United States Oil Fund during the 3rd quarter worth $42,000. Global Retirement Partners LLC raised its holdings in United States Oil Fund by 22.8% in the 3rd quarter. Global Retirement Partners LLC now owns 1,132 shares of the company’s stock valued at $83,000 after buying an additional 210 shares during the period. Finally, Headlands Technologies LLC raised its holdings in United States Oil Fund by 26.1% in the 2nd quarter. Headlands Technologies LLC now owns 1,407 shares of the company’s stock valued at $103,000 after buying an additional 291 shares during the period. 67.47% of the stock is currently owned by institutional investors and hedge funds.

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United States Oil Fund Price Performance

Shares of USO stock opened at $81.95 on Monday. The firm has a market cap of $1.08 billion, a PE ratio of 19.22 and a beta of 0.40. The company has a 50-day moving average of $74.39 and a two-hundred day moving average of $72.85. United States Oil Fund LP has a 1-year low of $60.67 and a 1-year high of $83.57.

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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