Barclays PLC Sells 360,391 Shares of United States Oil Fund LP (NYSEARCA:USO)

Barclays PLC trimmed its position in United States Oil Fund LP (NYSEARCA:USO) by 75.7% in the third quarter, Holdings Channel.com reports. The firm owned 115,568 shares of the company’s stock after selling 360,391 shares during the period. Barclays PLC’s holdings in United States Oil Fund were worth $8,080,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in shares of United States Oil Fund in the 2nd quarter valued at $28,422,000. International Assets Investment Management LLC increased its holdings in United States Oil Fund by 2,024.3% in the third quarter. International Assets Investment Management LLC now owns 147,531 shares of the company’s stock valued at $10,315,000 after purchasing an additional 140,586 shares during the last quarter. Clearline Capital LP acquired a new position in United States Oil Fund in the third quarter valued at about $5,323,000. Kovitz Investment Group Partners LLC bought a new position in United States Oil Fund during the third quarter worth about $2,829,000. Finally, Toronto Dominion Bank acquired a new position in shares of United States Oil Fund during the 2nd quarter worth about $2,867,000.

United States Oil Fund Price Performance

Shares of USO stock opened at $73.30 on Wednesday. The stock has a market cap of $1.27 billion, a PE ratio of 22.97 and a beta of 0.10. The stock has a 50-day moving average of $72.69 and a 200-day moving average of $74.48. United States Oil Fund LP has a one year low of $65.48 and a one year 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.