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

CVS HEALTH Corp bought a new position in shares of United States Brent Oil Fund LP (NYSEARCA:BNO) in the third quarter, HoldingsChannel reports. The institutional investor bought 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 holdings, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC acquired a new position in United States Brent Oil Fund in the 1st quarter valued at about $2,872,000. NewEdge Advisors LLC acquired a new stake in United States Brent Oil Fund during the first quarter worth approximately $1,776,000. Lombard Odier Asset Management USA Corp acquired a new stake in United States Brent Oil Fund during the first quarter worth approximately $854,000. WESPAC Advisors LLC bought a new stake in shares of United States Brent Oil Fund during the third quarter worth approximately $870,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of United States Brent Oil Fund during the second quarter worth approximately $456,000.

United States Brent Oil Fund Stock Up 0.7%

United States Brent Oil Fund stock opened at $58.75 on Thursday. United States Brent Oil Fund LP has a 12 month low of $27.14 and a 12 month high of $72.50. The stock’s 50 day moving average is $62.97 and its 200-day moving average is $50.77.

Recent United States Brent Oil Fund Headlines

These are some of the BNO headlines that stood out recently:

• Positive Sentiment: Tight U.S. distillate inventories and persistent Middle East supply risks were cited as additional support for oil prices, potentially helping BNO if the rebound holds. Oil Rebounds as Tight Inventories and Middle East Risks Support Prices
• 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: Saudi Arabia increased October output to its highest level since February, adding to OPEC+ supply and potentially limiting Brent’s recovery. Saudi Arabia leads further jump in OPEC+ oil output despite war

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.