PNC Financial Services Group Inc. Lowers Stock Position in Global X Social Media ETF $SOCL

PNC Financial Services Group Inc. trimmed its holdings in Global X Social Media ETF (NASDAQ:SOCL) by 43.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,682 shares of the company’s stock after selling 100,831 shares during the quarter. PNC Financial Services Group Inc. owned approximately 6.55% of Global X Social Media ETF worth $5,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOCL. Flow Traders U.S. LLC acquired a new stake in Global X Social Media ETF during the 2nd quarter worth $291,000. Sei Investments Co. acquired a new position in Global X Social Media ETF in the second quarter valued at $299,000. Raymond James Financial Inc. raised its holdings in shares of Global X Social Media ETF by 15.6% in the second quarter. Raymond James Financial Inc. now owns 11,158 shares of the company’s stock valued at $596,000 after buying an additional 1,509 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Global X Social Media ETF in the second quarter valued at about $482,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Global X Social Media ETF in the second quarter valued at about $243,000.

Global X Social Media ETF Stock Performance

Shares of SOCL opened at $44.13 on Monday. Global X Social Media ETF has a fifty-two week low of $41.35 and a fifty-two week high of $63.93. The firm has a 50-day simple moving average of $45.49 and a 200-day simple moving average of $47.92. The company has a market capitalization of $87.82 million, a price-to-earnings ratio of 21.77 and a beta of 1.01.

Global X Social Media ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a dividend of $0.0882 per share. The ex-dividend date of this dividend was Monday, June 29th.

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.