Nwam LLC Makes New $221,000 Investment in United States Oil Fund LP (NYSEARCA:USO)

Nwam LLC acquired a new position in shares of United States Oil Fund LP (NYSEARCA:USO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,926 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors also recently modified their holdings of the company. FFG Partners LLC raised its holdings in shares of United States Oil Fund by 2.2% in the third quarter. FFG Partners LLC now owns 76,277 shares of the company’s stock valued at $5,333,000 after buying an additional 1,640 shares during the last quarter. Clearline Capital LP bought a new position in shares of United States Oil Fund in the third quarter worth about $5,323,000. Savoie Capital LLC bought a new position in shares of United States Oil Fund in the third quarter worth about $3,699,000. Harvest Fund Management Co. Ltd lifted its position in shares of United States Oil Fund by 15.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 44,452 shares of the company’s stock worth $3,108,000 after purchasing an additional 5,825 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of United States Oil Fund by 279,273.3% during the third quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock valued at $2,930,000 after purchasing an additional 41,891 shares during the last quarter.

United States Oil Fund Price Performance

Shares of United States Oil Fund stock opened at $75.22 on Friday. The firm has a 50 day simple moving average of $77.41 and a 200 day simple moving average of $74.40. United States Oil Fund LP has a fifty-two week low of $66.02 and a fifty-two week high of $84.58. The firm has a market cap of $1.29 billion, a P/E ratio of 22.43 and a beta of 0.62.

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.