Private Advisor Group LLC raised its holdings in United States Oil Fund LP (NYSEARCA:USO) by 159.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 80,933 shares of the company’s stock after buying an additional 49,777 shares during the quarter. Private Advisor Group LLC’s holdings in United States Oil Fund were worth $1,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Commerzbank Aktiengesellschaft FI grew its holdings in United States Oil Fund by 10.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,856,988 shares of the company’s stock valued at $27,966,000 after purchasing an additional 172,935 shares during the period. SG Americas Securities LLC boosted its stake in shares of United States Oil Fund by 670.6% in the second quarter. SG Americas Securities LLC now owns 668,432 shares of the company’s stock worth $10,067,000 after acquiring an additional 785,570 shares during the last quarter. XR Securities LLC boosted its stake in shares of United States Oil Fund by 527.6% in the third quarter. XR Securities LLC now owns 478,887 shares of the company’s stock worth $7,432,000 after acquiring an additional 402,577 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of United States Oil Fund by 695.7% in the second quarter. Virtu Financial LLC now owns 426,924 shares of the company’s stock worth $6,429,000 after acquiring an additional 373,270 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of United States Oil Fund by 55.2% in the first quarter. Allianz Asset Management GmbH now owns 337,300 shares of the company’s stock worth $4,426,000 after acquiring an additional 119,900 shares during the last quarter.

Shares of NYSEARCA:USO opened at $11.98 on Friday. United States Oil Fund LP has a 1 year low of $11.03 and a 1 year high of $16.24.

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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.

Further Reading: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding USO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Oil Fund LP (NYSEARCA:USO).

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

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