United States Oil Fund LP (NYSEARCA:USO) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. cut its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 10.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 17,530 shares of the company’s stock after selling 2,033 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in United States Oil Fund were worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. National Bank of Canada FI lifted its holdings in shares of United States Oil Fund by 35.1% during the fourth quarter. National Bank of Canada FI now owns 770 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares during the period. IFP Advisors Inc lifted its holdings in shares of United States Oil Fund by 35.4% during the fourth quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares during the period. Mariner LLC lifted its holdings in shares of United States Oil Fund by 2.9% during the fourth quarter. Mariner LLC now owns 9,085 shares of the company’s stock worth $686,000 after purchasing an additional 252 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United States Oil Fund during the fourth quarter worth $25,000. Finally, Smith Moore & CO. lifted its holdings in shares of United States Oil Fund by 11.7% during the fourth quarter. Smith Moore & CO. now owns 4,485 shares of the company’s stock worth $339,000 after purchasing an additional 469 shares during the period. 67.47% of the stock is owned by institutional investors and hedge funds.

United States Oil Fund Price Performance

Shares of NYSEARCA USO opened at $75.19 on Friday. The stock has a fifty day moving average price of $70.72 and a 200 day moving average price of $73.14. United States Oil Fund LP has a 1-year low of $60.67 and a 1-year high of $84.58. The company has a market cap of $1.08 billion, a PE ratio of 19.22 and a beta of 0.93.

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.