Kovitz Investment Group Partners LLC Purchases Shares of 40,811 United States Oil Fund LP (NYSEARCA:USO)

Kovitz Investment Group Partners LLC acquired a new position in shares of United States Oil Fund LP (NYSEARCA:USO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,811 shares of the company’s stock, valued at approximately $2,829,000. Kovitz Investment Group Partners LLC owned about 0.24% of United States Oil Fund at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Clearline Capital LP acquired a new position in shares of United States Oil Fund during the 3rd quarter worth approximately $5,323,000. TOMS Capital Investment Management LP acquired a new position in shares of United States Oil Fund in the third quarter valued at $2,328,000. Encompass More Asset Management bought a new position in shares of United States Oil Fund in the third quarter valued at about $882,000. Rockefeller Capital Management L.P. lifted its stake in shares of United States Oil Fund by 32.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,887 shares of the company’s stock worth $1,111,000 after buying an additional 3,918 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of United States Oil Fund by 258.1% during the 3rd quarter. Bank of Montreal Can now owns 31,153 shares of the company’s stock worth $2,189,000 after buying an additional 22,454 shares during the period.

United States Oil Fund Stock Performance

Shares of USO opened at $71.21 on Tuesday. The firm’s 50-day simple moving average is $72.95 and its 200 day simple moving average is $74.60. The firm has a market cap of $1.23 billion, a P/E ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 52 week low of $63.84 and a 52 week high of $83.41.

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.