National Planning Corp increased its stake in shares of United States Oil Fund LP (NYSE:USO) by 25.3% during the second quarter, Holdings Channel reports. The firm owned 194,160 shares of the exchange traded fund’s stock after buying an additional 39,154 shares during the period. National Planning Corp’s holdings in United States Oil Fund were worth $1,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in United States Oil Fund by 31.6% in the second quarter. IFP Advisors Inc now owns 216,596 shares of the exchange traded fund’s stock valued at $2,058,000 after buying an additional 52,018 shares during the period. Ronald Blue & Co. LLC bought a new position in United States Oil Fund during the second quarter valued at $170,000. Daiwa Securities Group Inc. boosted its position in United States Oil Fund by 4,361.0% in the second quarter. Daiwa Securities Group Inc. now owns 914,500 shares of the exchange traded fund’s stock valued at $8,687,000 after buying an additional 894,000 shares during the period. Finally, ING Groep NV boosted its position in United States Oil Fund by 57.2% in 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 period.

United States Oil Fund LP (USO) opened at 9.91 on Friday. The stock has a 50 day moving average of $9.59 and a 200 day moving average of $10.29. United States Oil Fund LP has a 12-month low of $8.65 and a 12-month high of $12.00.

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United States Oil Fund Company 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 (NYSE:USO)

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