Bank of New York Mellon Corp lifted its stake in shares of United States Oil Fund LP (NYSE:USO) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,571 shares of the exchange traded fund’s stock after buying an additional 1,466 shares during the period. Bank of New York Mellon Corp’s holdings in United States Oil Fund were worth $186,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United States Oil Fund during the second quarter valued at approximately $137,000. Ronald Blue & Co. LLC purchased a new position in shares of United States Oil Fund during the second quarter valued at approximately $170,000. Sigma Planning Corp boosted its position in shares of United States Oil Fund by 1.2% during the second quarter. Sigma Planning Corp now owns 34,375 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 405 shares during the last quarter. ING Groep NV boosted its position in shares of United States Oil Fund by 57.2% during the second quarter. ING Groep NV now owns 86,795 shares of the exchange traded fund’s stock valued at $825,000 after buying an additional 31,595 shares during the last quarter. Finally, National Planning Corp boosted its position in shares of United States Oil Fund by 25.3% during the second quarter. National Planning Corp now owns 194,160 shares of the exchange traded fund’s stock valued at $1,868,000 after buying an additional 39,154 shares during the last quarter.

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United States Oil Fund LP (USO) opened at $11.18 on Monday. United States Oil Fund LP has a 1 year low of $8.65 and a 1 year high of $12.00.

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.

Institutional Ownership by Quarter for United States Oil Fund (NYSE:USO)

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