LPL Financial LLC Lowers Position in ProShares Online Retail ETF (NYSEARCA:ONLN)

LPL Financial LLC trimmed its holdings in shares of ProShares Online Retail ETF (NYSEARCA:ONLN) by 10.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,887 shares of the company’s stock after selling 3,395 shares during the quarter. LPL Financial LLC owned 0.97% of ProShares Online Retail ETF worth $979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cibc World Market Inc. increased its position in shares of ProShares Online Retail ETF by 9.2% during the first quarter. Cibc World Market Inc. now owns 6,862 shares of the company’s stock valued at $315,000 after acquiring an additional 580 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of ProShares Online Retail ETF during the first quarter valued at approximately $56,000. Venturi Wealth Management LLC purchased a new stake in ProShares Online Retail ETF in the first quarter worth $62,000. Morgan Stanley increased its position in ProShares Online Retail ETF by 6.2% in the fourth quarter. Morgan Stanley now owns 54,156 shares of the company’s stock worth $1,534,000 after buying an additional 3,154 shares during the last quarter. Finally, Royal Bank of Canada increased its position in ProShares Online Retail ETF by 21.2% in the third quarter. Royal Bank of Canada now owns 21,828 shares of the company’s stock worth $651,000 after buying an additional 3,817 shares during the last quarter.

ProShares Online Retail ETF Price Performance

NYSEARCA:ONLN opened at $31.61 on Friday. The business has a fifty day simple moving average of $30.79 and a two-hundred day simple moving average of $31.95. ProShares Online Retail ETF has a 1 year low of $27.38 and a 1 year high of $38.98. The company has a market capitalization of $97.05 million, a P/E ratio of 29.65 and a beta of 1.32.

About ProShares Online Retail ETF

The ProShares Online Retail ETF (ONLN) is an exchange-traded fund that is based on the ProShares Online Retail index. The fund tracks a global, modified market-cap weighted index of stocks issued by companies classified as online retailers. ONLN was launched on Jul 13, 2018 and is managed by ProShares.