F3Logic LLC trimmed its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 44.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,136 shares of the company’s stock after selling 12,666 shares during the period. F3Logic LLC’s holdings in United States Oil Fund were worth $251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Wealth Management LLC increased its stake in United States Oil Fund by 71.4% during the third quarter. Cornerstone Wealth Management LLC now owns 189,330 shares of the company’s stock valued at $18,933,000 after acquiring an additional 78,851 shares during the period. Raymond James & Associates increased its stake in United States Oil Fund by 51.7% during the second quarter. Raymond James & Associates now owns 35,320 shares of the company’s stock valued at $532,000 after acquiring an additional 12,043 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in United States Oil Fund by 13.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 85,622 shares of the company’s stock valued at $1,329,000 after acquiring an additional 10,028 shares during the period. Flagship Harbor Advisors LLC bought a new position in United States Oil Fund during the second quarter valued at about $189,000. Finally, Exane Derivatives increased its stake in United States Oil Fund by 88.9% during the third quarter. Exane Derivatives now owns 69,085 shares of the company’s stock valued at $1,072,000 after acquiring an additional 32,504 shares during the period.

Shares of USO opened at $11.18 on Wednesday. United States Oil Fund LP has a 12-month low of $10.51 and a 12-month high of $16.24.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.watchlistnews.com/united-states-oil-fund-lp-uso-shares-sold-by-f3logic-llc/2662466.html.

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.

Read More: Stock Symbols and CUSIP Explained

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

Receive News & Ratings for United States Oil Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Oil Fund and related companies with MarketBeat.com's FREE daily email newsletter.