Foundations Investment Advisors LLC Takes Position in United States Oil Fund LP (NYSEARCA:USO)

Foundations Investment Advisors LLC purchased a new position in shares of United States Oil Fund LP (NYSEARCA:USO) in the 4th quarter, Holdings Channel.com reports. The firm purchased 2,899 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of United States Oil Fund by 2,024.3% during the third quarter. International Assets Investment Management LLC now owns 147,531 shares of the company’s stock worth $10,315,000 after buying an additional 140,586 shares in the last quarter. Clearline Capital LP purchased a new stake in United States Oil Fund during the 3rd quarter valued at about $5,323,000. Savoie Capital LLC purchased a new stake in United States Oil Fund during the 3rd quarter valued at about $3,699,000. JPMorgan Chase & Co. raised its holdings in United States Oil Fund by 279,273.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock valued at $2,930,000 after acquiring an additional 41,891 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in United States Oil Fund in the 3rd quarter worth approximately $2,829,000.

United States Oil Fund Price Performance

USO stock opened at $78.02 on Friday. United States Oil Fund LP has a 1 year low of $66.02 and a 1 year high of $84.58. The firm has a market capitalization of $1.35 billion, a PE ratio of 22.97 and a beta of 0.10. The business has a 50 day simple moving average of $75.82 and a 200-day simple moving average of $74.46.

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.