Goldman Sachs Group Inc. Trims Stock Position in ProShares Online Retail ETF $ONLN

Goldman Sachs Group Inc. cut its stake in ProShares Online Retail ETF (NYSEARCA:ONLN) by 87.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,670 shares of the company’s stock after selling 84,521 shares during the period. Goldman Sachs Group Inc. owned about 0.80% of ProShares Online Retail ETF worth $550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ONLN. Envestnet Asset Management Inc. raised its holdings in shares of ProShares Online Retail ETF by 37.0% in the first quarter. Envestnet Asset Management Inc. now owns 13,715 shares of the company’s stock valued at $595,000 after buying an additional 3,707 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in ProShares Online Retail ETF during the first quarter worth about $661,000. Finally, Two Sigma Investments LP purchased a new stake in shares of ProShares Online Retail ETF in the fourth quarter valued at about $925,000.

ProShares Online Retail ETF Price Performance

Shares of NYSEARCA ONLN opened at $60.19 on Friday. ProShares Online Retail ETF has a 12-month low of $36.21 and a 12-month high of $61.96. The company has a market capitalization of $87.28 million, a PE ratio of 22.53 and a beta of 1.32. The firm’s 50-day moving average is $57.20 and its two-hundred day moving average is $49.89.

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.