United States Oil (USO) Stake Decreased by Commonwealth Equity Services Inc
Commonwealth Equity Services Inc lessened its stake in shares of United States Oil (NYSEARCA:USO) by 67.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,027 shares of the company’s stock after selling 251,973 shares during the quarter. Commonwealth Equity Services Inc owned about 0.05% of United States Oil worth $1,283,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Opera Trading Capital lifted its position in shares of United States Oil by 1.2% during the 3rd quarter. Opera Trading Capital now owns 420,062 shares of the company’s stock worth $4,381,000 after buying an additional 5,000 shares during the last quarter. BSW Wealth Partners purchased a new stake in shares of United States Oil during the 3rd quarter worth approximately $116,000. Toronto Dominion Bank lifted its position in shares of United States Oil by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 150,000 shares of the company’s stock worth $1,425,000 after buying an additional 50,000 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of United States Oil during the 2nd quarter worth approximately $553,000. Finally, National Asset Management Inc. purchased a new stake in shares of United States Oil during the 2nd quarter worth approximately $100,000.
Shares of United States Oil (NYSEARCA USO) traded up $0.19 during trading hours on Monday, hitting $11.79. 9,394,100 shares of the stock traded hands, compared to its average volume of 24,309,725. United States Oil has a twelve month low of $8.65 and a twelve month high of $12.00.
United States Oil 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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