LPL Financial LLC Buys 411,617 Shares of Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF)

LPL Financial LLC grew its stake in Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) by 369.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 523,149 shares of the company’s stock after buying an additional 411,617 shares during the quarter. LPL Financial LLC owned approximately 14.10% of Global X Adaptive U.S. Risk Management ETF worth $16,953,000 as of its most recent SEC filing.

Separately, Cetera Investment Advisers increased its holdings in Global X Adaptive U.S. Risk Management ETF by 3.8% in the 4th quarter. Cetera Investment Advisers now owns 279,811 shares of the company’s stock worth $9,807,000 after acquiring an additional 10,130 shares in the last quarter.

Global X Adaptive U.S. Risk Management ETF Trading Down 0.5%

NYSEARCA ONOF opened at $34.85 on Wednesday. Global X Adaptive U.S. Risk Management ETF has a 12 month low of $28.60 and a 12 month high of $36.89. The stock has a market cap of $129.29 million, a price-to-earnings ratio of 26.12 and a beta of 0.73. The company’s 50 day moving average is $34.10 and its two-hundred day moving average is $33.55.

Global X Adaptive U.S. Risk Management ETF Company Profile

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.