Ignite Planners LLC Decreases Stock Position in United States Brent Oil Fund LP $BNO

Ignite Planners LLC reduced its position in United States Brent Oil Fund LP (NYSEARCA:BNO) by 28.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,576 shares of the company’s stock after selling 9,190 shares during the period. Ignite Planners LLC’s holdings in United States Brent Oil Fund were worth $639,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BNO. Daiwa Securities Group Inc. raised its holdings in United States Brent Oil Fund by 6.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 71,300 shares of the company’s stock worth $2,081,000 after acquiring an additional 4,400 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in United States Brent Oil Fund by 60.7% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock worth $194,000 after acquiring an additional 2,514 shares during the last quarter. Headlands Technologies LLC raised its holdings 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 last quarter. JPMorgan Chase & Co. raised its holdings in United States Brent Oil Fund by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock worth $628,000 after acquiring an additional 1,378 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in United States Brent Oil Fund by 17.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,530 shares of the company’s stock worth $587,000 after acquiring an additional 2,893 shares during the last quarter.

United States Brent Oil Fund Stock Performance

Shares of NYSEARCA BNO opened at $55.00 on Friday. United States Brent Oil Fund LP has a twelve month low of $26.59 and a twelve month high of $60.81. The company has a 50 day moving average of $52.35 and a 200 day moving average of $38.46.

United States Brent Oil Fund News Roundup

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

• Positive Sentiment: Multiple reports said oil prices rebounded or stayed elevated on renewed uncertainty over U.S.-Iran peace talks, with investors doubting a breakthrough and focusing on ongoing risks to the Strait of Hormuz and regional supply flows. US oil prices rise as investors doubt breakthrough in US-Iran peace talks
• Positive Sentiment: Several market updates warned that the oil market could enter a “red zone” in July-August as summer demand rises and global inventories are depleted, a setup that could keep Brent prices firm. Oil markets could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
• Positive Sentiment: Commentary from traders and analysts continued to highlight tight physical supply conditions, including concerns that a delayed reopening of Hormuz could create a much worse oil shock if disruptions persist into late summer. This 2008 ‘train wreck’ oil scenario could unfold if Hormuz isn’t opened by end of August
• Neutral Sentiment: Intraday oil trading was described as choppy and range-bound, showing that traders are hesitant to add large bets ahead of weekend headlines and any new geopolitical developments. Crude Oil Price Analysis – Oil Remains Choppy on Friday
• Neutral Sentiment: One report noted that stock markets were rallying even as oil held gains, suggesting broader risk appetite is not currently overwhelming the supply-driven oil story. Oil Climbs on U.S.-Iran Uncertainty, Stock Market Rally Holds
• Negative Sentiment: Some late-session coverage said gold weakened as Treasury yields rose and the dollar strengthened, which can indicate a shift away from safe-haven trades and may reduce some of the urgency behind geopolitical hedging in crude. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report

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.