60,000 Shares in United States Brent Oil Fund LP $BNO Bought by CVS HEALTH Corp

CVS HEALTH Corp acquired a new position in United States Brent Oil Fund LP (NYSEARCA:BNO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 60,000 shares of the company’s stock, valued at approximately $3,605,000. United States Brent Oil Fund makes up about 0.8% of CVS HEALTH Corp’s investment portfolio, making the stock its 23rd biggest position. CVS HEALTH Corp owned 0.45% of United States Brent Oil Fund as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BNO. Empowered Funds LLC acquired a new stake in shares of United States Brent Oil Fund in the first quarter valued at about $2,872,000. NewEdge Advisors LLC acquired a new position in United States Brent Oil Fund during the first quarter valued at approximately $1,776,000. Lombard Odier Asset Management USA Corp bought a new position in United States Brent Oil Fund in the first quarter valued at approximately $854,000. WESPAC Advisors LLC bought a new position in United States Brent Oil Fund in the third quarter valued at approximately $870,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in United States Brent Oil Fund in the second quarter valued at approximately $456,000.

Key United States Brent Oil Fund News

Investors following BNO have been watching these news items:

• Positive Sentiment: Brent rebounded from a recent selloff as renewed strikes and attacks affecting Hormuz shipping, alongside stalled U.S.-Iran negotiations, revived concerns about supply disruptions. Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes
• Neutral Sentiment: China’s October crude imports reached their highest level since March, a possible sign of stronger buying, though the report alone does not establish whether demand will persist. China’s October crude oil imports rise to highest level since March amid Middle East war
• Negative Sentiment: Recent technical commentary described bearish momentum and warned that oil could extend its decline; that risk could weigh on BNO if supply concerns ease or prices resume falling. WTI Price Forecast: Bearish Signals Put $78 Support in Focus

United States Brent Oil Fund Stock Up 0.7%

NYSEARCA:BNO opened at $58.75 on Thursday. United States Brent Oil Fund LP has a twelve month low of $27.14 and a twelve month high of $72.50. The stock’s 50 day moving average price is $62.97 and its two-hundred day moving average price is $50.77.

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.