Guild Investment Management Inc. Makes New $265,000 Investment in United States Oil Fund LP (NYSEARCA:USO)

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Guild Investment Management Inc. purchased a new position in shares of United States Oil Fund LP (NYSEARCA:USO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,000 shares of the company’s stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of USO. Northern Trust Corp increased its holdings in United States Oil Fund by 12.5% during the 4th quarter. Northern Trust Corp now owns 11,751 shares of the company’s stock worth $114,000 after purchasing an additional 1,308 shares during the period. Deutsche Bank AG purchased a new position in shares of United States Oil Fund in the 4th quarter valued at about $5,137,000. Legacy Advisors LLC purchased a new position in shares of United States Oil Fund in the 1st quarter valued at about $76,000. Flagship Harbor Advisors LLC increased its holdings in shares of United States Oil Fund by 4.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 53,844 shares of the company’s stock valued at $673,000 after acquiring an additional 2,309 shares during the last quarter. Finally, St. Johns Investment Management Company LLC purchased a new position in shares of United States Oil Fund in the 1st quarter valued at about $73,000.

USO opened at $10.96 on Friday. United States Oil Fund LP has a one year low of $9.23 and a one year high of $16.24. The firm has a 50-day simple moving average of $11.86.

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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