St. Johns Investment Management Company LLC purchased a new stake in shares of United States Oil Fund LP (NYSEARCA:USO) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,800 shares of the company’s stock, valued at approximately $73,000.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position 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 purchasing an additional 1,493,682 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in United States Oil Fund by 4.8% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 1,990,986 shares of the company’s stock worth $19,233,000 after buying an additional 91,717 shares during the period. Sumitomo Mitsui Financial Group Inc. acquired a new position in United States Oil Fund in the 4th quarter worth approximately $13,543,000. Virtu Financial LLC acquired a new position in United States Oil Fund in the 4th quarter worth approximately $12,964,000. Finally, Polianta Ltd increased its holdings in United States Oil Fund by 223.8% in the 4th quarter. Polianta Ltd now owns 1,014,200 shares of the company’s stock worth $9,797,000 after buying an additional 701,000 shares during the period.

NYSEARCA:USO traded down $0.03 during midday trading on Wednesday, hitting $13.34. The company’s stock had a trading volume of 312,215 shares, compared to its average volume of 23,099,945. United States Oil Fund LP has a fifty-two week low of $9.23 and a fifty-two 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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