Global X Social Media ETF (NASDAQ:SOCL) Stock Price Down 2.1% – Here’s What Happened

Global X Social Media ETF (NASDAQ:SOCL) shares were down 2.1% during mid-day trading on Monday . The stock traded as low as $45.72 and last traded at $45.73. Approximately 7,693 shares were traded during mid-day trading, a decline of 23% from the average session volume of 9,979 shares. The stock had previously closed at $46.70.

Global X Social Media ETF Stock Performance

The company has a market capitalization of $89.05 million, a PE ratio of 21.77 and a beta of 1.02. The company’s 50-day moving average is $45.53 and its 200 day moving average is $46.60.

Global X Social Media ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a $0.0882 dividend. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On Global X Social Media ETF

A number of institutional investors have recently made changes to their positions in SOCL. Ameriprise Financial Inc. grew its position in Global X Social Media ETF by 5.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,825 shares of the company’s stock worth $293,000 after purchasing an additional 269 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Global X Social Media ETF by 5.8% during the 4th quarter. Osaic Holdings Inc. now owns 6,865 shares of the company’s stock valued at $380,000 after buying an additional 376 shares during the period. Flow Traders U.S. LLC boosted its stake in shares of Global X Social Media ETF by 10.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 6,001 shares of the company’s stock worth $365,000 after buying an additional 550 shares during the last quarter. UBS Group AG boosted its stake 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 worth $1,509,000 after buying an additional 734 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Global X Social Media ETF by 47.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock worth $150,000 after acquiring an additional 879 shares during the period.

Global X Social Media 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.