Daiwa Securities Group Inc. Sells 100,000 Shares of Global X Social Media Index ETF (NASDAQ:SOCL)

Daiwa Securities Group Inc. cut its holdings in Global X Social Media Index ETF (NASDAQ:SOCL) by 21.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,000 shares of the company’s stock after selling 100,000 shares during the quarter. Daiwa Securities Group Inc. owned approximately 13.88% of Global X Social Media Index ETF worth $15,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SOCL. 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 acquiring an additional 819 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Global X Social Media Index ETF by 1,758.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,769 shares of the company’s stock valued at $120,000 after acquiring an additional 2,620 shares in the last quarter. Virtu Financial LLC bought a new stake in Global X Social Media Index ETF during the 3rd quarter valued at approximately $1,391,000. Finally, Raymond James Financial Inc. bought a new stake in Global X Social Media Index ETF during the 4th quarter valued at approximately $428,000.

Global X Social Media Index ETF Stock Performance

Global X Social Media Index ETF stock opened at $45.03 on Tuesday. The stock’s 50 day simple moving average is $45.78 and its two-hundred day simple moving average is $43.32. The stock has a market cap of $118.43 million, a price-to-earnings ratio of 25.13 and a beta of 0.94. Global X Social Media Index ETF has a fifty-two week low of $36.71 and a fifty-two week high of $50.23.

About Global X Social Media Index 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.