HighTower Advisors LLC Sells 41,793 Shares of ProShares K-1 Free Crude Oil ETF $OILK

HighTower Advisors LLC lessened its holdings in shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK) by 40.5% in the first quarter, HoldingsChannel.com reports. The firm owned 61,436 shares of the company’s stock after selling 41,793 shares during the period. HighTower Advisors LLC’s holdings in ProShares K-1 Free Crude Oil ETF were worth $2,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OILK. Stratos Wealth Partners LTD. purchased a new position in shares of ProShares K-1 Free Crude Oil ETF in the 1st quarter worth about $1,173,000. Private Advisory Group LLC increased its position in shares of ProShares K-1 Free Crude Oil ETF by 199.7% in the first quarter. Private Advisory Group LLC now owns 25,223 shares of the company’s stock worth $1,099,000 after purchasing an additional 16,808 shares during the last quarter. NewSquare Capital LLC bought a new position in ProShares K-1 Free Crude Oil ETF during the first quarter valued at approximately $307,000. Jane Street Group LLC grew its position in ProShares K-1 Free Crude Oil ETF by 74.0% during the fourth quarter. Jane Street Group LLC now owns 14,518 shares of the company’s stock valued at $641,000 after acquiring an additional 6,172 shares during the last quarter. Finally, Smithfield Trust Co grew its position in ProShares K-1 Free Crude Oil ETF by 376.7% during the first quarter. Smithfield Trust Co now owns 5,720 shares of the company’s stock valued at $250,000 after acquiring an additional 4,520 shares during the last quarter.

ProShares K-1 Free Crude Oil ETF Price Performance

Shares of BATS OILK opened at $40.8440 on Friday. ProShares K-1 Free Crude Oil ETF has a one year low of $35.50 and a one year high of $47.40. The firm’s 50 day simple moving average is $41.24 and its two-hundred day simple moving average is $40.85. The stock has a market capitalization of $71.89 million, a P/E ratio of 30.33 and a beta of 0.50.

About ProShares K-1 Free Crude Oil ETF

The ProShares K-1 Free Crude Oil Strategy ETF (OILK) is an exchange-traded fund that mostly invests in crude oil commodities. The fund tracks an index holding three separate contracts at equal-weighting with different roll schedules. OILK was launched on Sep 26, 2016 and is managed by ProShares.