Neuberger Berman Group LLC held its stake in United States Oil Fund LP (NYSE:USO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,000 shares of the exchange traded fund’s stock at the close of the 2nd quarter. Neuberger Berman Group LLC’s holdings in United States Oil Fund were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of USO. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of United States Oil Fund during the second quarter valued at approximately $137,000. Allegis Investment Advisors LLC boosted its position in shares of United States Oil Fund by 1.9% during the second quarter. Allegis Investment Advisors LLC now owns 15,824 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 300 shares in the last quarter. Ronald Blue & Co. LLC bought a new stake in shares of United States Oil Fund during the second quarter valued at approximately $170,000. Bank of New York Mellon Corp boosted its position in shares of United States Oil Fund by 8.1% during the second 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 in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of United States Oil Fund by 1.2% during the second quarter. Sigma Planning Corp now owns 34,375 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 405 shares in the last quarter.

Shares of United States Oil Fund LP (NYSE:USO) opened at 10.24 on Friday. United States Oil Fund LP has a 52-week low of $8.65 and a 52-week high of $12.00. The company’s 50 day moving average price is $9.88 and its 200 day moving average price is $9.96.

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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.

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

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