Global X Social Media Index ETF (NASDAQ:SOCL) Position Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in Global X Social Media Index ETF (NASDAQ:SOCL) by 12.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 294,282 shares of the company’s stock after selling 41,466 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.11% of Global X Social Media Index ETF worth $12,454,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SOCL. Virtu Financial LLC acquired a new stake in Global X Social Media Index ETF during the third quarter worth about $1,391,000. Raymond James Financial Inc. acquired a new stake in shares of Global X Social Media Index ETF during the 4th quarter worth approximately $428,000. JPMorgan Chase & Co. lifted its holdings in shares of Global X Social Media Index ETF by 1,758.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,769 shares of the company’s stock worth $120,000 after purchasing an additional 2,620 shares during the last quarter. Finally, FMR LLC boosted its position in Global X Social Media Index ETF by 106.1% during the 3rd quarter. FMR LLC now owns 1,591 shares of the company’s stock valued at $69,000 after purchasing an additional 819 shares during the period.

Global X Social Media Index ETF Price Performance

Shares of SOCL opened at $45.92 on Wednesday. Global X Social Media Index ETF has a 12 month low of $36.71 and a 12 month high of $50.23. The stock has a fifty day moving average price of $45.85 and a 200 day moving average price of $43.37. The company has a market cap of $119.85 million, a P/E ratio of 19.27 and a beta of 0.95.

Global X Social Media Index ETF Company Profile

The Global X Social Media ETF (SOCL) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of social media companies selected by a committee. SOCL was launched on Nov 14, 2011 and is managed by Global X.