MML Investors Services LLC Buys 9,615 Shares of United States Oil Fund LP (NYSEARCA:USO)

MML Investors Services LLC lifted its position in United States Oil Fund LP (NYSEARCA:USO) by 6.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,896 shares of the company’s stock after acquiring an additional 9,615 shares during the period. MML Investors Services LLC owned 0.10% of United States Oil Fund worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. St. Johns Investment Management Company LLC purchased a new stake in United States Oil Fund in the first quarter valued at $73,000. Legacy Advisors LLC purchased a new stake in shares of United States Oil Fund during the 1st quarter worth about $76,000. Westside Investment Management Inc. lifted its stake in United States Oil Fund by 900.0% in the 4th quarter. Westside Investment Management Inc. now owns 10,000 shares of the company’s stock valued at $97,000 after buying an additional 9,000 shares in the last quarter. Mutual Advisors LLC purchased a new position in United States Oil Fund in the 4th quarter valued at about $99,000. Finally, Centric Wealth Management purchased a new position in United States Oil Fund in the 4th quarter valued at about $109,000.

United States Oil Fund stock traded up $0.24 during midday trading on Monday, reaching $12.28. The company had a trading volume of 31,233,318 shares, compared to its average volume of 24,945,920. The business has a fifty day moving average of $11.86. United States Oil Fund LP has a 12-month low of $9.23 and a 12-month high of $16.24.

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 (NYSEARCA:USO)

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