Fortis Group Advisors LLC Makes New $1.80 Million Investment in ProShares K-1 Free Crude Oil ETF $OILK

Fortis Group Advisors LLC bought a new position in ProShares K-1 Free Crude Oil ETF (BATS:OILK) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 48,386 shares of the company’s stock, valued at approximately $1,804,000. Fortis Group Advisors LLC owned approximately 2.75% of ProShares K-1 Free Crude Oil ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of OILK. Royal Bank of Canada lifted its stake in ProShares K-1 Free Crude Oil ETF by 2,637.6% in the 1st quarter. Royal Bank of Canada now owns 15,303 shares of the company’s stock worth $667,000 after purchasing an additional 14,744 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of ProShares K-1 Free Crude Oil ETF by 6.1% in the 2nd quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock valued at $357,000 after acquiring an additional 507 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the 3rd quarter valued at about $361,000. HighTower Advisors LLC raised its holdings in shares of ProShares K-1 Free Crude Oil ETF by 5.5% in the 3rd quarter. HighTower Advisors LLC now owns 105,461 shares of the company’s stock valued at $4,229,000 after acquiring an additional 5,543 shares in the last quarter. Finally, Private Advisory Group LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the 3rd quarter valued at about $4,973,000.

ProShares K-1 Free Crude Oil ETF Stock Down 3.8%

BATS:OILK opened at $58.53 on Thursday. The business’s 50-day moving average price is $55.59 and its two-hundred day moving average price is $45.25. ProShares K-1 Free Crude Oil ETF has a twelve month low of $36.13 and a twelve month high of $61.33. The stock has a market cap of $103.01 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.