Cambridge Investment Research Advisors Inc. Cuts Stock Position in United States Brent Oil Fund LP (NYSEARCA:BNO)

Cambridge Investment Research Advisors Inc. lessened its holdings in United States Brent Oil Fund LP (NYSEARCA:BNO – Get Rating) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,360 shares of the company’s stock after selling 557 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.24% of United States Brent Oil Fund worth $548,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Bank of Montreal Can purchased a new position in shares of United States Brent Oil Fund during the fourth quarter valued at about $952,000. Your Advocates Ltd. LLP purchased a new position in shares of United States Brent Oil Fund during the fourth quarter valued at about $28,000. Private Advisor Group LLC purchased a new position in shares of United States Brent Oil Fund during the fourth quarter valued at about $290,832,000. Kestra Advisory Services LLC grew its position in shares of United States Brent Oil Fund by 10.2% during the third quarter. Kestra Advisory Services LLC now owns 8,636 shares of the company’s stock valued at $236,000 after purchasing an additional 800 shares in the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of United States Brent Oil Fund during the first quarter valued at about $1,892,000.

United States Brent Oil Fund Trading Up 1.4 %

BNO opened at $26.27 on Thursday. United States Brent Oil Fund LP has a 12 month low of $23.69 and a 12 month high of $36.57. The stock has a 50-day moving average of $26.39 and a 200 day moving average of $27.28.

United States Brent Oil Fund Company Profile

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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.