34,156 Shares in United States Brent Oil Fund LP $BNO Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC bought a new stake in United States Brent Oil Fund LP (NYSEARCA:BNO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,156 shares of the company’s stock, valued at approximately $1,776,000. NewEdge Advisors LLC owned about 0.19% of United States Brent Oil Fund at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. acquired a new stake in shares of United States Brent Oil Fund during the 1st quarter worth about $56,000. Kestra Advisory Services LLC purchased a new position in shares of United States Brent Oil Fund during the fourth quarter valued at approximately $149,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of United States Brent Oil Fund by 60.7% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock valued at $194,000 after buying an additional 2,514 shares during the period. Midwest Trust Co acquired a new stake in United States Brent Oil Fund during the first quarter worth approximately $216,000. Finally, Headlands Technologies LLC grew its stake in United States Brent Oil Fund by 389.5% in the 2nd quarter. Headlands Technologies LLC now owns 9,834 shares of the company’s stock worth $287,000 after acquiring an additional 7,825 shares during the period.

United States Brent Oil Fund Stock Up 1.8%

BNO stock opened at $50.64 on Friday. The company has a 50 day moving average price of $46.30 and a two-hundred day moving average price of $46.17. United States Brent Oil Fund LP has a one year low of $27.14 and a one year high of $60.81.

Key Headlines Impacting United States Brent Oil Fund

Here are the key news stories impacting United States Brent Oil Fund this week:

• Positive Sentiment: Oil is on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns that the conflict could disrupt Middle Eastern crude supplies and shipping through the Strait of Hormuz. Oil set for weekly gains after US threatens indefinite blockade of Iran
• Positive Sentiment: Russia’s Sheskharis terminal at Novorossiysk suspended crude loadings after a drone attack. The disruption at a major Black Sea export outlet adds to concerns about near-term global supply availability and supports Brent prices. Russia’s Black Sea’s Sheskharis terminal halts loadings after drone attack
• Positive Sentiment: An oil spill off Oman, alongside attacks on tankers and other vessels in the Gulf, is increasing concern about shipping disruptions, environmental damage and tighter regional crude availability. Two slicks appear in Gulf as huge oil spill off Oman threatens disaster
• Neutral Sentiment: Brent and WTI have stalled near their 50-day exponential moving averages as traders remain cautious. Persistent geopolitical risks are supporting prices, but the lack of strong buying momentum may limit BNO’s upside in the near term. Crude Oil Price Forecast – WTI and Brent Stall at 50-Day EMAs Amid Geopolitical Caution
• Negative Sentiment: Weaker global demand projections and an unexpected 17.4-million-barrel increase in U.S. crude inventories are weighing on oil, potentially limiting gains in Brent and BNO if supply disruptions do not intensify. Natural Gas and Oil Forecast: 17.4M-Barrel Crude Build Weighs as Hormuz Risks Persist

United States Brent Oil Fund 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.