Global X Social Media ETF (NASDAQ:SOCL) Shares Down 0.2% – What’s Next?

Shares of Global X Social Media ETF (NASDAQ:SOCL) dropped 0.2% during trading on Monday . The stock traded as low as $45.22 and last traded at $45.40. Approximately 8,811 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 10,961 shares. The stock had previously closed at $45.50.

Global X Social Media ETF Trading Down 0.2%

The firm’s fifty day moving average price is $45.68 and its 200 day moving average price is $51.39. The firm has a market capitalization of $91.25 million, a PE ratio of 21.77 and a beta of 1.02.

Institutional Trading of Global X Social Media ETF

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Global X Social Media ETF by 161,517.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock valued at $14,634,000 after acquiring an additional 264,889 shares during the last quarter. Great Diamond Partners LLC boosted its holdings in shares of Global X Social Media ETF by 11.0% in the 4th quarter. Great Diamond Partners LLC now owns 46,397 shares of the company’s stock valued at $2,562,000 after acquiring an additional 4,584 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X Social Media ETF in the 3rd quarter valued at $2,618,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Global X Social Media ETF in the 3rd quarter valued at $2,227,000. Finally, UBS Group AG boosted its holdings in shares of Global X Social Media ETF by 3.0% in the 3rd quarter. UBS Group AG now owns 24,842 shares of the company’s stock valued at $1,509,000 after acquiring an additional 734 shares during the last quarter.

About Global X Social Media ETF

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.