Cetera Investment Advisers Sells 29,233 Shares of ProShares Online Retail ETF (NYSEARCA:ONLN)

Cetera Investment Advisers trimmed its position in ProShares Online Retail ETF (NYSEARCA:ONLN) by 45.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,607 shares of the company’s stock after selling 29,233 shares during the period. Cetera Investment Advisers owned 1.41% of ProShares Online Retail ETF worth $1,407,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Main Management ETF Advisors LLC raised its position in ProShares Online Retail ETF by 0.8% in the 2nd quarter. Main Management ETF Advisors LLC now owns 256,740 shares of the company’s stock worth $10,436,000 after purchasing an additional 1,980 shares during the period. Cetera Advisors LLC increased its position in shares of ProShares Online Retail ETF by 4.5% during the first quarter. Cetera Advisors LLC now owns 62,096 shares of the company’s stock valued at $2,440,000 after buying an additional 2,654 shares during the period. Finally, SG Americas Securities LLC boosted its stake in ProShares Online Retail ETF by 1.4% during the first quarter. SG Americas Securities LLC now owns 23,189 shares of the company’s stock worth $911,000 after acquiring an additional 329 shares in the last quarter.

ProShares Online Retail ETF Price Performance

NYSEARCA:ONLN opened at $45.27 on Wednesday. ProShares Online Retail ETF has a one year low of $28.50 and a one year high of $46.82. The company’s 50-day simple moving average is $42.02 and its 200 day simple moving average is $40.83. The firm has a market capitalization of $110.91 million, a P/E ratio of 26.58 and a beta of 1.68.

ProShares Online Retail ETF Profile

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.