OxFORD Asset Management LLP bought a new stake in United States Oil Fund LP (NYSE:USO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,580,949 shares of the exchange traded fund’s stock, valued at approximately $15,019,000. United States Oil Fund makes up about 0.4% of OxFORD Asset Management LLP’s holdings, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in USO. Harel Insurance Investments & Financial Services Ltd. bought a new position in United States Oil Fund in the 2nd quarter valued at about $137,000. Allegis Investment Advisors LLC boosted its position in shares of United States Oil Fund by 1.9% during the 2nd 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. Capital Advantage Inc. bought a new position in shares of United States Oil Fund during the 2nd quarter valued at about $162,000. Ronald Blue & Co. LLC bought a new position in shares of United States Oil Fund during the 2nd quarter valued at about $170,000. Finally, Bank of New York Mellon Corp boosted its position in shares of 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 in the last quarter.

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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.

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

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