Smith Moore & CO. Has $339,000 Stock Holdings in United States Oil Fund LP (NYSEARCA:USO)

Smith Moore & CO. increased its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,485 shares of the company’s stock after purchasing an additional 469 shares during the period. Smith Moore & CO.’s holdings in United States Oil Fund were worth $339,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in USO. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United States Oil Fund during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in United States Oil Fund during the third quarter worth $31,000. IFP Advisors Inc grew its holdings in United States Oil Fund by 35.4% in 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. National Bank of Canada FI increased its stake in United States Oil Fund by 35.1% in the fourth quarter. National Bank of Canada FI now owns 770 shares of the company’s stock valued at $58,000 after purchasing an additional 200 shares in the last quarter. Finally, St. Johns Investment Management Company LLC acquired a new position in shares of United States Oil Fund during the fourth quarter valued at about $97,000.

United States Oil Fund Price Performance

USO stock opened at $67.92 on Friday. United States Oil Fund LP has a 1 year low of $65.50 and a 1 year high of $84.58. The stock has a market capitalization of $911.49 million, a PE ratio of 23.33 and a beta of 0.06. The company’s 50-day moving average is $74.96 and its 200-day moving average is $74.48.

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.