Smith Moore & CO. Acquires 469 Shares of United States Oil Fund LP (NYSEARCA:USO)

Smith Moore & CO. grew its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,485 shares of the company’s stock after acquiring an additional 469 shares during the period. Smith Moore & CO.’s holdings in United States Oil Fund were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. IFP Advisors Inc increased its holdings in United States Oil Fund by 35.4% in the fourth quarter. IFP Advisors Inc now owns 765 shares of the company’s stock valued at $58,000 after purchasing an additional 200 shares during the period. National Bank of Canada FI increased its stake in shares of United States Oil Fund by 35.1% in the fourth quarter. National Bank of Canada FI now owns 770 shares of the company’s stock valued at $58,000 after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of United States Oil Fund during the fourth quarter worth about $25,000. Cavalier Investments LLC raised its position in shares of United States Oil Fund by 3.5% during the fourth quarter. Cavalier Investments LLC now owns 12,022 shares of the company’s stock worth $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 third quarter worth approximately $31,000.

United States Oil Fund Stock Performance

NYSEARCA:USO opened at $67.92 on Friday. United States Oil Fund LP has a fifty-two week low of $65.50 and a fifty-two week high of $84.58. The company has a 50 day simple moving average of $74.96 and a two-hundred day simple moving average of $74.48. The company has a market capitalization of $911.49 million, a PE ratio of 23.33 and a beta of 0.06.

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.