United States Oil Fund LP (NYSEARCA:USO) Holdings Trimmed by Meridian Wealth Management LLC

Meridian Wealth Management LLC lowered its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 12.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 20,723 shares of the company’s stock after selling 3,057 shares during the period. Meridian Wealth Management LLC’s holdings in United States Oil Fund were worth $1,449,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its stake in shares of United States Oil Fund by 21.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,943 shares of the company’s stock valued at $485,000 after buying an additional 1,225 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of United States Oil Fund during the 3rd quarter valued at $235,000. Mutual Advisors LLC acquired a new stake in shares of United States Oil Fund during the 3rd quarter valued at $1,332,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of United States Oil Fund during the 3rd quarter valued at $254,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of United States Oil Fund during the 3rd quarter valued at $104,000.

United States Oil Fund Trading Up 1.4 %

USO stock opened at $74.25 on Friday. United States Oil Fund LP has a 1 year low of $63.84 and a 1 year high of $83.41. The company has a fifty day simple moving average of $72.90 and a 200 day simple moving average of $74.94. The firm has a market cap of $1.29 billion, a PE ratio of 22.97 and a beta of 0.10.

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.