Mercer Global Advisors Inc. ADV Acquires 2,081 Shares of United States Oil Fund LP (NYSEARCA:USO)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 62.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,412 shares of the company’s stock after purchasing an additional 2,081 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in United States Oil Fund were worth $409,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in USO. Jump Financial LLC bought a new position in shares of United States Oil Fund in the fourth quarter worth approximately $10,399,000. Barclays PLC boosted its position in United States Oil Fund by 53.9% during the 4th quarter. Barclays PLC now owns 177,860 shares of the company’s stock valued at $13,438,000 after buying an additional 62,292 shares during the period. JPMorgan Chase & Co. grew its holdings in United States Oil Fund by 279,273.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock worth $2,930,000 after acquiring an additional 41,891 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in United States Oil Fund by 75.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 77,836 shares of the company’s stock worth $5,878,000 after acquiring an additional 33,384 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of United States Oil Fund by 113.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 33,877 shares of the company’s stock valued at $2,559,000 after acquiring an additional 17,990 shares during the period.

United States Oil Fund Trading Up 2.9%

Shares of NYSEARCA:USO opened at $69.59 on Wednesday. The company has a 50-day moving average price of $69.44 and a 200-day moving average price of $73.07. The company has a market cap of $933.90 million, a price-to-earnings ratio of 19.22 and a beta of 0.51. United States Oil Fund LP has a 12 month low of $60.67 and a 12 month high of $84.58.

About United States Oil Fund

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.