Northwestern Mutual Wealth Management Co. Raises Stock Position in United States Oil Fund LP $USO

Northwestern Mutual Wealth Management Co. grew its holdings in United States Oil Fund LP (NYSEARCA:USO) by 4,531.3% during the first quarter, HoldingsChannel.com reports. The fund owned 1,482 shares of the company’s stock after purchasing an additional 1,450 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in United States Oil Fund were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Flow Traders U.S. LLC raised its stake in shares of United States Oil Fund by 22.8% in the 1st quarter. Flow Traders U.S. LLC now owns 71,780 shares of the company’s stock valued at $5,551,000 after acquiring an additional 13,340 shares during the period. Headlands Technologies LLC raised its stake in shares of United States Oil Fund by 6,875.0% in the 1st quarter. Headlands Technologies LLC now owns 1,116 shares of the company’s stock valued at $86,000 after acquiring an additional 1,100 shares during the period. Cheviot Value Management LLC purchased a new position in shares of United States Oil Fund in the 1st quarter valued at $111,000. Harbour Investments Inc. raised its stake in shares of United States Oil Fund by 30,200.0% in the 1st quarter. Harbour Investments Inc. now owns 606 shares of the company’s stock valued at $47,000 after acquiring an additional 604 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of United States Oil Fund in the 1st quarter valued at $305,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

United States Oil Fund Trading Down 2.1%

Shares of USO stock opened at $72.63 on Friday. The company’s fifty day simple moving average is $75.19 and its 200-day simple moving average is $72.48. United States Oil Fund LP has a 52 week low of $60.67 and a 52 week high of $84.58. The company has a market cap of $873.01 million, a PE ratio of 19.22 and a beta of 0.93.

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.