Merit Financial Group LLC Sells 5,329 Shares of ProShares Online Retail ETF (NYSEARCA:ONLN)

Merit Financial Group LLC reduced its position in shares of ProShares Online Retail ETF (NYSEARCA:ONLN) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 43,380 shares of the company’s stock after selling 5,329 shares during the quarter. Merit Financial Group LLC’s holdings in ProShares Online Retail ETF were worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, SG Americas Securities LLC increased its holdings in shares of ProShares Online Retail ETF by 7.6% during the 4th quarter. SG Americas Securities LLC now owns 22,860 shares of the company’s stock worth $825,000 after acquiring an additional 1,606 shares during the last quarter.

ProShares Online Retail ETF Price Performance

Shares of ProShares Online Retail ETF stock opened at $40.98 on Friday. The business has a fifty day simple moving average of $38.53 and a two-hundred day simple moving average of $35.20. ProShares Online Retail ETF has a 1 year low of $28.50 and a 1 year high of $41.01. The company has a market capitalization of $101.22 million, a price-to-earnings ratio of 26.27 and a beta of 1.68.

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.