Point Nemo Capital LLC reduced its holdings in ProShares K-1 Free Crude Oil ETF (BATS:OILK – Free Report) by 18.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 94,159 shares of the company’s stock after selling 21,817 shares during the period. ProShares K-1 Free Crude Oil ETF comprises approximately 2.5% of Point Nemo Capital LLC’s holdings, making the stock its 10th biggest position. Point Nemo Capital LLC owned 0.05% of ProShares K-1 Free Crude Oil ETF worth $5,459,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arlington Capital Management Inc. acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the second quarter worth $4,846,000. B. Riley Wealth Advisors Inc. acquired a new stake in ProShares K-1 Free Crude Oil ETF in the third quarter valued at $1,560,000. Green Ridge Wealth Planning LLC increased its holdings in ProShares K-1 Free Crude Oil ETF by 18.9% in the second quarter. Green Ridge Wealth Planning LLC now owns 65,570 shares of the company’s stock valued at $3,114,000 after purchasing an additional 10,410 shares during the period. Ethos Financial Group LLC bought a new position in ProShares K-1 Free Crude Oil ETF during the 1st quarter worth $2,622,000. Finally, Commonwealth Equity Services LLC bought a new position in ProShares K-1 Free Crude Oil ETF during the 3rd quarter worth $6,319,000.
ProShares K-1 Free Crude Oil ETF Trading Up 0.8%
Shares of OILK opened at $52.10 on Friday. The company has a market capitalization of $215.17 million, a PE ratio of 30.33 and a beta of 0.07. ProShares K-1 Free Crude Oil ETF has a 12 month low of $36.13 and a 12 month high of $63.02. The stock’s 50-day moving average price is $57.29 and its two-hundred day moving average price is $52.69.
ProShares K-1 Free Crude Oil ETF Company Profile
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.
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Want to see what other hedge funds are holding OILK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares K-1 Free Crude Oil ETF (BATS:OILK – Free Report).
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