National Wealth Management Group LLC Sells 1,681 Shares of United States Oil Fund LP (NYSEARCA:USO)

National Wealth Management Group LLC cut its stake in United States Oil Fund LP (NYSEARCA:USO) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,602 shares of the company’s stock after selling 1,681 shares during the period. National Wealth Management Group LLC’s holdings in United States Oil Fund were worth $423,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of United States Oil Fund by 35.4% in the 4th quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of United States Oil Fund by 35.1% during the fourth quarter. National Bank of Canada FI now owns 770 shares of the company’s stock worth $58,000 after buying an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of United States Oil Fund in the fourth quarter valued at approximately $25,000. Cavalier Investments LLC raised its stake in shares of United States Oil Fund by 3.5% in the fourth quarter. Cavalier Investments LLC now owns 12,022 shares of the company’s stock valued at $908,000 after acquiring an additional 405 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of United States Oil Fund in the 3rd quarter worth approximately $31,000.

United States Oil Fund Price Performance

USO stock opened at $77.33 on Tuesday. The business has a fifty day moving average price of $75.47 and a 200 day moving average price of $74.43. United States Oil Fund LP has a fifty-two week low of $66.02 and a fifty-two week high of $84.58. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.87 and a beta of 0.58.

United States Oil Fund Company 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.