Nomura Asset Management Co. Ltd. Reduces Position in United States Oil Fund LP (USO)

Nomura Asset Management Co. Ltd. decreased its stake in United States Oil Fund LP (NYSEARCA:USO) by 61.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,800 shares of the company’s stock after selling 44,600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in United States Oil Fund were worth $431,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Gradient Investments LLC bought a new position in United States Oil Fund in the 3rd quarter valued at approximately $104,000. Stratos Wealth Partners LTD. bought a new position in United States Oil Fund in the 3rd quarter valued at approximately $145,000. Flagship Harbor Advisors LLC bought a new position in United States Oil Fund in the 2nd quarter valued at approximately $189,000. BTG Pactual Global Asset Management Ltd bought a new position in United States Oil Fund in the 2nd quarter valued at approximately $210,000. Finally, FNY Investment Advisers LLC bought a new position in United States Oil Fund in the 3rd quarter valued at approximately $279,000.

Shares of NYSEARCA:USO opened at $10.83 on Friday. United States Oil Fund LP has a one year low of $10.69 and a one year high of $16.24.

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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.

See Also: Calculate Your Return on Investment (ROI)

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

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