Fortem Financial Group LLC Sells 2,846 Shares of United States Oil Fund LP (NYSEARCA:USO)

Fortem Financial Group LLC decreased its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 26.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 8,065 shares of the company’s stock after selling 2,846 shares during the quarter. Fortem Financial Group LLC’s holdings in United States Oil Fund were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of United States Oil Fund by 100.0% during the 1st quarter. International Assets Investment Management LLC now owns 4,336 shares of the company’s stock worth $160,000 after purchasing an additional 2,168 shares in the last quarter. Juncture Wealth Strategies LLC bought a new position in United States Oil Fund in the first quarter valued at about $1,866,000. Atticus Wealth Management LLC bought a new position in shares of United States Oil Fund during the first quarter worth about $87,000. Laurel Wealth Advisors Inc. raised its position in shares of United States Oil Fund by 0.6% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 44,380 shares of the company’s stock worth $1,465,000 after acquiring an additional 275 shares during the last quarter. Finally, FormulaFolio Investments LLC bought a new position in shares of United States Oil Fund during the fourth quarter worth about $299,000.

Shares of USO opened at $42.09 on Friday. United States Oil Fund LP has a 1 year low of $16.88 and a 1 year high of $44.64. The business has a 50-day moving average of $42.24 and a 200-day moving average of $35.22.

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.

Further Reading: Buy-Side Analysts

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

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