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

Daiwa Securities Group Inc. lessened its position in shares of United States Brent Oil Fund LP (NYSEARCA:BNO) by 13.1% in the fourth quarter, according to the company in its most recent 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 period. Daiwa Securities Group Inc. owned about 1.47% of United States Brent Oil Fund worth $1,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flow Traders U.S. LLC boosted its position in shares of 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 buying an additional 40,855 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in United States Brent Oil Fund by 16.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 111,000 shares of the company’s stock valued at $3,142,000 after acquiring an additional 15,371 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in United States Brent Oil Fund during the 3rd quarter worth approximately $425,000. Virtu Financial LLC grew its stake in shares of United States Brent Oil Fund by 93.9% during the 3rd quarter. Virtu Financial LLC now owns 14,828 shares of the company’s stock worth $420,000 after acquiring an additional 7,182 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new stake in shares of United States Brent Oil Fund in the fourth quarter valued at approximately $135,000.

United States Brent Oil Fund Price Performance

Shares of BNO stock opened at $29.12 on Friday. United States Brent Oil Fund LP has a 12 month low of $26.77 and a 12 month high of $33.91. The company’s fifty day simple moving average is $30.79 and its 200-day simple moving average is $29.83.

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.