United States Oil Fund LP (USO) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its stake in shares of United States Oil Fund LP (NYSE:USO) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 561,270 shares of the exchange traded fund’s stock after purchasing an additional 73,270 shares during the quarter. United States Oil Fund accounts for approximately 0.8% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 20th biggest position. Harvest Fund Management Co. Ltd’s holdings in United States Oil Fund were worth $5,332,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in United States Oil Fund during the 2nd quarter valued at $137,000. Allegis Investment Advisors LLC raised its stake in shares of United States Oil Fund by 1.9% in the 2nd quarter. Allegis Investment Advisors LLC now owns 15,824 shares of the exchange traded fund’s stock valued at $150,000 after buying an additional 300 shares in the last quarter. Capital Advantage Inc. acquired a new position in shares of United States Oil Fund in the 2nd quarter valued at $162,000. Ronald Blue & Co. LLC acquired a new position in shares of United States Oil Fund in the 2nd quarter valued at $170,000. Finally, Bank of New York Mellon Corp raised its stake in shares of United States Oil Fund by 8.1% in 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 buying an additional 1,466 shares in the last quarter.

Shares of United States Oil Fund LP (NYSE:USO) traded up 0.69% during trading on Friday, hitting $10.20. 16,084,408 shares of the stock were exchanged. United States Oil Fund LP has a 1-year low of $8.65 and a 1-year high of $12.00. The firm’s 50-day moving average is $9.88 and its 200 day moving average is $10.00.

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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.

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

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