Fortress Financial Group LLC Buys Shares of 3,734 United States Oil Fund LP (NYSEARCA:USO)

Fortress Financial Group LLC purchased a new position in United States Oil Fund LP (NYSEARCA:USO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,734 shares of the company’s stock, valued at approximately $282,000.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of United States Oil Fund during the third quarter worth $31,000. IFP Advisors Inc boosted its position in 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 acquiring an additional 200 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new stake in United States Oil Fund in the 4th quarter valued at about $97,000. Foundations Investment Advisors LLC acquired a new stake in United States Oil Fund in the 4th quarter valued at about $219,000. Finally, Nwam LLC purchased a new position in United States Oil Fund in the 4th quarter worth approximately $221,000.

United States Oil Fund Stock Up 1.9 %

Shares of NYSEARCA:USO opened at $75.28 on Friday. United States Oil Fund LP has a 52-week low of $66.02 and a 52-week high of $84.58. The business has a fifty day moving average of $77.37 and a two-hundred day moving average of $74.45. The stock has a market cap of $1.29 billion, a P/E ratio of 22.43 and a beta of 0.62.

About United States Oil Fund

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.