Cetera Advisor Networks LLC Takes $264,000 Position in United States Oil Fund LP (USO)

Cetera Advisor Networks LLC purchased a new position in United States Oil Fund LP (NYSEARCA:USO) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 21,094 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in United States Oil Fund by 59.5% during the third quarter. JPMorgan Chase & Co. now owns 4,003,516 shares of the company’s stock valued at $62,135,000 after acquiring an additional 1,493,682 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in United States Oil Fund during the fourth quarter valued at $13,543,000. Deutsche Bank AG purchased a new position in United States Oil Fund during the fourth quarter valued at $5,137,000. Weiss Multi Strategy Advisers LLC purchased a new position in United States Oil Fund during the fourth quarter valued at $2,995,000. Finally, Guardian Life Insurance Co. of America purchased a new position in United States Oil Fund during the fourth quarter valued at $2,083,000.

USO opened at $12.23 on Friday. United States Oil Fund LP has a fifty-two week low of $9.23 and a fifty-two week high of $16.24.

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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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Want to see what other hedge funds are holding USO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Oil Fund LP (NYSEARCA:USO).

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

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