Daiwa Securities Group Inc. Sells 9,200 Shares of United States Brent Oil Fund LP (NYSEARCA:BNO)

Daiwa Securities Group Inc. cut its position in United States Brent Oil Fund LP (NYSEARCA:BNO) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,900 shares of the company’s stock after selling 9,200 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United States Brent Oil Fund were worth $1,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flow Traders U.S. LLC raised its position in United States Brent Oil Fund by 146.7% during the third quarter. Flow Traders U.S. LLC now owns 68,710 shares of the company’s stock worth $1,945,000 after acquiring an additional 40,855 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of United States Brent Oil Fund by 16.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 111,000 shares of the company’s stock worth $3,142,000 after purchasing an additional 15,371 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of United States Brent Oil Fund in the 3rd quarter valued at about $425,000. Virtu Financial LLC lifted its stake in United States Brent Oil Fund by 93.9% in the 3rd quarter. Virtu Financial LLC now owns 14,828 shares of the company’s stock valued at $420,000 after purchasing an additional 7,182 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new position in United States Brent Oil Fund during the fourth quarter worth about $135,000.

United States Brent Oil Fund Price Performance

Shares of NYSEARCA BNO opened at $29.12 on Friday. The business’s 50 day moving average price is $30.79 and its two-hundred day moving average price is $29.83. United States Brent Oil Fund LP has a twelve month low of $26.77 and a twelve month high of $33.91.

United States Brent Oil Fund Company Profile

The United States Brent Oil Fund, LP (BNO) is an exchange-traded fund that is based on the Front Month Brent Crude Oil index. The fund tracks the Brent oil spot price using near-month ICE futures contracts. BNO was launched on Jun 2, 2010 and is managed by US Commodity Funds.