LPL Financial LLC lessened its holdings in United States Oil Fund LP (NYSEARCA:USO) by 8.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 752,556 shares of the company’s stock after selling 71,977 shares during the period. LPL Financial LLC owned about 0.66% of United States Oil Fund worth $11,680,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of United States Oil Fund by 59.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,003,516 shares of the company’s stock valued at $62,135,000 after acquiring an additional 1,493,682 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of United States Oil Fund by 10.3% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,856,988 shares of the company’s stock valued at $27,966,000 after acquiring an additional 172,935 shares during the period. XR Securities LLC raised its stake in shares of United States Oil Fund by 527.6% in the 3rd quarter. XR Securities LLC now owns 478,887 shares of the company’s stock valued at $7,432,000 after acquiring an additional 402,577 shares during the period. Napier Park Global Capital US LP purchased a new position in shares of United States Oil Fund in the 3rd quarter valued at $4,658,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of United States Oil Fund by 176.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 202,647 shares of the company’s stock valued at $3,145,000 after acquiring an additional 129,311 shares during the period.

Shares of USO stock opened at $10.82 on Friday. United States Oil Fund LP has a 52 week low of $10.51 and a 52 week high of $16.24.

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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.

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

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