Golden State Equity Partners Sells 465 Shares of United States Oil Fund LP (NYSEARCA:USO)

Golden State Equity Partners trimmed its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,462 shares of the company’s stock after selling 465 shares during the quarter. Golden State Equity Partners’ holdings in United States Oil Fund were worth $631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clear Investment Research LLC raised its stake in shares of United States Oil Fund by 17.6% during the third quarter. Clear Investment Research LLC now owns 1,034 shares of the company’s stock valued at $84,000 after acquiring an additional 155 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of United States Oil Fund by 11.0% during the fourth quarter. SG Americas Securities LLC now owns 3,548 shares of the company’s stock valued at $236,000 after acquiring an additional 351 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of United States Oil Fund by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 30,893 shares of the company’s stock valued at $2,498,000 after acquiring an additional 362 shares during the last quarter. CWM LLC raised its stake in shares of United States Oil Fund by 45.9% during the fourth quarter. CWM LLC now owns 1,192 shares of the company’s stock valued at $79,000 after acquiring an additional 375 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new position in shares of United States Oil Fund during the third quarter valued at about $40,000.

United States Oil Fund Stock Performance

Shares of NYSEARCA USO traded down $0.05 during midday trading on Friday, hitting $80.39. 1,605,343 shares of the company traded hands, compared to its average volume of 4,613,383. United States Oil Fund LP has a 12-month low of $59.78 and a 12-month high of $83.41. The stock has a 50-day moving average price of $77.22 and a 200 day moving average price of $73.24. The firm has a market cap of $1.24 billion, a P/E ratio of 24.70 and a beta of 0.19.

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.