WESPAC Advisors LLC Makes New Investment in United States Brent Oil Fund LP $BNO

WESPAC Advisors LLC purchased a new stake in shares of United States Brent Oil Fund LP (NYSEARCA:BNO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,478 shares of the company’s stock, valued at approximately $870,000. WESPAC Advisors LLC owned about 0.11% of United States Brent Oil Fund at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in shares of United States Brent Oil Fund in the first quarter valued at $2,872,000. NewEdge Advisors LLC bought a new stake in shares of United States Brent Oil Fund during the 1st quarter worth about $1,776,000. Lombard Odier Asset Management USA Corp bought a new stake in shares of United States Brent Oil Fund during the 1st quarter worth about $854,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in United States Brent Oil Fund in the 2nd quarter valued at about $456,000. Finally, CVS HEALTH Corp acquired a new position in United States Brent Oil Fund in the 1st quarter valued at about $520,000.

United States Brent Oil Fund Price Performance

United States Brent Oil Fund stock opened at $70.07 on Tuesday. The company’s 50-day moving average price is $59.65 and its two-hundred day moving average price is $48.47. United States Brent Oil Fund LP has a twelve month low of $27.14 and a twelve month high of $71.28.

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.