Commonwealth Equity Services Inc Trims Stake in United States Oil (NYSEARCA:USO)

Commonwealth Equity Services Inc decreased its position in shares of United States Oil (NYSEARCA:USO) by 67.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,027 shares of the company’s stock after selling 251,973 shares during the quarter. Commonwealth Equity Services Inc owned approximately 0.05% of United States Oil worth $1,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Opera Trading Capital raised its position in United States Oil by 1.2% during the 3rd quarter. Opera Trading Capital now owns 420,062 shares of the company’s stock worth $4,381,000 after purchasing an additional 5,000 shares during the last quarter. BSW Wealth Partners bought a new position in United States Oil during the 3rd quarter worth $116,000. Toronto Dominion Bank raised its position in United States Oil by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 150,000 shares of the company’s stock worth $1,425,000 after purchasing an additional 50,000 shares during the last quarter. Cetera Investment Advisers bought a new position in United States Oil during the 2nd quarter worth $553,000. Finally, National Asset Management Inc. bought a new position in shares of United States Oil in the 2nd quarter worth about $100,000.

United States Oil (USO) traded down $0.33 during mid-day trading on Wednesday, hitting $11.21. The stock had a trading volume of 12,914,301 shares, compared to its average volume of 23,989,156. United States Oil has a 1 year low of $8.65 and a 1 year high of $12.00.

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United States Oil 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.

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

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