Maridea Wealth Management LLC Makes New $2.16 Million Investment in Global X Adaptive U.S. Risk Management ETF $ONOF

Maridea Wealth Management LLC bought a new stake in shares of Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 59,493 shares of the company’s stock, valued at approximately $2,156,000. Maridea Wealth Management LLC owned about 1.56% of Global X Adaptive U.S. Risk Management ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Align Financial LLC purchased a new position in shares of Global X Adaptive U.S. Risk Management ETF in the 4th quarter worth $6,102,000. LPL Financial LLC grew its holdings in shares of Global X Adaptive U.S. Risk Management ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 594,085 shares of the company’s stock worth $22,355,000 after acquiring an additional 46,687 shares during the period. Cetera Investment Advisers increased its position in Global X Adaptive U.S. Risk Management ETF by 5.1% during the fourth quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock valued at $11,053,000 after acquiring an additional 14,380 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Global X Adaptive U.S. Risk Management ETF during the third quarter valued at $472,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Global X Adaptive U.S. Risk Management ETF by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,666,611 shares of the company’s stock valued at $101,865,000 after acquiring an additional 10,137 shares during the last quarter.

Global X Adaptive U.S. Risk Management ETF Stock Performance

ONOF stock opened at $39.19 on Friday. The company has a market cap of $151.27 million, a price-to-earnings ratio of 26.12 and a beta of 0.78. The business’s 50-day moving average is $39.33 and its two-hundred day moving average is $38.12. Global X Adaptive U.S. Risk Management ETF has a fifty-two week low of $33.98 and a fifty-two week high of $40.71.

Global X Adaptive U.S. Risk Management ETF 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.