Summit Trail Advisors LLC Buys 118,679 Shares of United States Oil Fund LP (USO)

Summit Trail Advisors LLC grew its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 1,341.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 127,529 shares of the company’s stock after acquiring an additional 118,679 shares during the period. Summit Trail Advisors LLC’s holdings in United States Oil Fund were worth $128,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd lifted its position in shares of United States Oil Fund by 15.3% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 75,613 shares of the company’s stock valued at $989,000 after acquiring an additional 10,038 shares during the last quarter. Napier Park Global Capital US LP acquired a new stake in shares of United States Oil Fund during the 1st quarter valued at $315,000. Private Advisor Group LLC lifted its position in shares of United States Oil Fund by 79.7% during the 1st quarter. Private Advisor Group LLC now owns 56,636 shares of the company’s stock valued at $741,000 after acquiring an additional 25,113 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of United States Oil Fund by 35.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 163,900 shares of the company’s stock valued at $1,968,000 after acquiring an additional 43,100 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of United States Oil Fund by 291.8% during the 1st quarter. Baird Financial Group Inc. now owns 72,531 shares of the company’s stock valued at $949,000 after acquiring an additional 54,021 shares during the last quarter.

USO opened at $14.86 on Friday. United States Oil Fund LP has a 12-month low of $9.00 and a 12-month high of $14.99.

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 (NYSEARCA:USO)

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