Ken Stern & Associates Inc. continued to hold its stake in shares of United States Oil Fund LP (NYSE:USO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,016 shares of the exchange traded fund’s stock at the end of the second quarter. Ken Stern & Associates Inc.’s holdings in United States Oil Fund were worth $110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United States Oil Fund in the second quarter worth $137,000. Allegis Investment Advisors LLC increased its stake in shares of United States Oil Fund by 1.9% in the second quarter. Allegis Investment Advisors LLC now owns 15,824 shares of the exchange traded fund’s stock worth $150,000 after buying an additional 300 shares during the period. Capital Advantage Inc. purchased a new position in United States Oil Fund during the 2nd quarter valued at $162,000. Ronald Blue & Co. LLC purchased a new position in United States Oil Fund during the 2nd quarter valued at $170,000. Finally, Bank of New York Mellon Corp increased its position in United States Oil Fund by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 19,571 shares of the exchange traded fund’s stock valued at $186,000 after purchasing an additional 1,466 shares during the period.

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Shares of United States Oil Fund LP (NYSE USO) traded up 0.69% on Friday, reaching $10.20. 16,084,408 shares of the company’s stock were exchanged. The company’s 50 day moving average is $9.88 and its 200-day moving average is $10.00. United States Oil Fund LP has a one year low of $8.65 and a one year high of $12.00.

United States Oil Fund Company 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.

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

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