United States Oil Fund LP (NYSEARCA:USO) Stock Holdings Increased by Scotia Capital Inc.

Scotia Capital Inc. grew its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,200 shares of the company’s stock after acquiring an additional 470 shares during the quarter. Scotia Capital Inc.’s holdings in United States Oil Fund were worth $317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of USO. Wilmington Savings Fund Society FSB acquired a new stake in United States Oil Fund in the third quarter worth about $31,000. FFG Partners LLC lifted its stake in shares of United States Oil Fund by 2.2% in the 3rd quarter. FFG Partners LLC now owns 76,277 shares of the company’s stock worth $5,333,000 after acquiring an additional 1,640 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of United States Oil Fund by 279,273.3% in the third 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 in the last quarter. HB Wealth Management LLC acquired a new position in shares of United States Oil Fund during the fourth quarter valued at approximately $297,000. Finally, Global Wealth Management LLC bought a new stake in United States Oil Fund during the fourth quarter worth approximately $923,000.

United States Oil Fund Price Performance

USO opened at $66.66 on Tuesday. United States Oil Fund LP has a 1-year low of $60.67 and a 1-year high of $84.58. The company has a market capitalization of $894.58 million, a price-to-earnings ratio of 23.33 and a beta of 0.06. The business has a 50 day moving average price of $73.05 and a two-hundred day moving average price of $74.16.

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.