Fortress Financial Group LLC Has $257,000 Stake in United States Oil Fund LP (NYSEARCA:USO)

Fortress Financial Group LLC trimmed its holdings in United States Oil Fund LP (NYSEARCA:USO) by 10.9% in the first quarter, Holdings Channel reports. The fund owned 3,328 shares of the company’s stock after selling 406 shares during the period. Fortress Financial Group LLC’s holdings in United States Oil Fund were worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of United States Oil Fund during the fourth quarter worth about $25,000. IFP Advisors Inc boosted its position in shares of United States Oil Fund by 35.4% during the fourth quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after buying an additional 200 shares during the period. National Bank of Canada FI boosted its position 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 during the period. US Bancorp DE boosted its position in shares of United States Oil Fund by 55.8% during the fourth quarter. US Bancorp DE now owns 1,676 shares of the company’s stock worth $127,000 after buying an additional 600 shares during the period. Finally, Menard Financial Group LLC acquired a new position in shares of United States Oil Fund during the fourth quarter worth about $130,000.

United States Oil Fund Price Performance

USO stock opened at $71.38 on Friday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 19.22 and a beta of 0.43. The business has a 50-day moving average of $67.56 and a 200-day moving average of $72.61. United States Oil Fund LP has a fifty-two week low of $60.67 and a fifty-two week high of $84.58.

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.