United States Oil Fund LP (NYSEARCA:USO) Shares Acquired by Scotia Capital Inc.

Scotia Capital Inc. boosted its holdings in United States Oil Fund LP (NYSEARCA:USO) by 12.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,200 shares of the company’s stock after buying an additional 470 shares during the quarter. Scotia Capital Inc.’s holdings in United States Oil Fund were worth $317,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of United States Oil Fund in the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in United States Oil Fund in the 3rd quarter worth about $31,000. IFP Advisors Inc raised its holdings in United States Oil Fund by 35.4% during the 4th quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after buying an additional 200 shares during the period. National Bank of Canada FI lifted its stake in United States Oil Fund by 35.1% during the fourth quarter. National Bank of Canada FI now owns 770 shares of the company’s stock valued at $58,000 after buying 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 in the fourth quarter worth about $97,000.

United States Oil Fund Price Performance

USO stock opened at $66.66 on Tuesday. The firm has a market capitalization of $894.58 million, a P/E ratio of 23.33 and a beta of 0.06. United States Oil Fund LP has a 52-week low of $60.67 and a 52-week high of $84.58. The company’s 50 day simple moving average is $73.05 and its 200-day simple moving average is $74.16.

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.