United States Brent Oil Fund LP (NYSEARCA:BNO) Shares Sold by MML Investors Services LLC

MML Investors Services LLC cut its stake in United States Brent Oil Fund LP (NYSEARCA:BNO) by 22.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,202 shares of the company’s stock after selling 5,611 shares during the period. MML Investors Services LLC’s holdings in United States Brent Oil Fund were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC boosted its position in shares of United States Brent Oil Fund by 146.7% during the third quarter. Flow Traders U.S. LLC now owns 68,710 shares of the company’s stock worth $1,945,000 after buying an additional 40,855 shares during the period. Ignite Planners LLC acquired a new position in United States Brent Oil Fund during the 3rd quarter worth $515,000. Harvest Fund Management Co. Ltd grew its stake in shares of United States Brent Oil Fund by 16.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 111,000 shares of the company’s stock worth $3,142,000 after purchasing an additional 15,371 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of United States Brent Oil Fund during the third quarter valued at $425,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of United States Brent Oil Fund by 11.7% during the second quarter. Daiwa Securities Group Inc. now owns 64,700 shares of the company’s stock valued at $2,080,000 after purchasing an additional 6,800 shares in the last quarter.

United States Brent Oil Fund Stock Up 0.7 %

BNO stock opened at $29.28 on Monday. The company has a 50-day simple moving average of $29.25 and a 200 day simple moving average of $30.07. United States Brent Oil Fund LP has a fifty-two week low of $26.76 and a fifty-two week high of $33.91.

About United States Brent Oil Fund

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.