Faithward Advisors LLC Reduces Holdings in ProShares K-1 Free Crude Oil ETF $OILK

Faithward Advisors LLC lowered its position in ProShares K-1 Free Crude Oil ETF (BATS:OILK) by 93.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,246 shares of the company’s stock after selling 177,193 shares during the quarter. Faithward Advisors LLC’s holdings in ProShares K-1 Free Crude Oil ETF were worth $531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OILK. Private Advisory Group LLC acquired a new stake in shares of ProShares K-1 Free Crude Oil ETF during the third quarter valued at about $4,973,000. Tradewinds Capital Management LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF during the third quarter worth about $1,991,000. Royal Bank of Canada lifted its stake in shares of ProShares K-1 Free Crude Oil ETF by 2,637.6% in the first quarter. Royal Bank of Canada now owns 15,303 shares of the company’s stock worth $667,000 after acquiring an additional 14,744 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF in the third quarter worth about $361,000. Finally, HighTower Advisors LLC boosted its holdings in ProShares K-1 Free Crude Oil ETF by 5.5% in the third quarter. HighTower Advisors LLC now owns 105,461 shares of the company’s stock valued at $4,229,000 after purchasing an additional 5,543 shares during the last quarter.

ProShares K-1 Free Crude Oil ETF Stock Up 2.6%

Shares of BATS OILK opened at $56.28 on Thursday. ProShares K-1 Free Crude Oil ETF has a fifty-two week low of $35.50 and a fifty-two week high of $56.42. The business has a 50 day moving average price of $43.16 and a two-hundred day moving average price of $40.34. The firm has a market cap of $99.05 million, a PE ratio of 30.33 and a beta of 0.50.

ProShares K-1 Free Crude Oil ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.2653 per share. This is an increase from ProShares K-1 Free Crude Oil ETF’s previous monthly dividend of $0.03. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.7%.

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.