Daiwa Securities Group Inc. Trims Stock Holdings in Global X Social Media Index ETF (NASDAQ:SOCL)

Daiwa Securities Group Inc. lessened its holdings in shares of Global X Social Media Index ETF (NASDAQ:SOCL) by 42.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 465,000 shares of the company’s stock after selling 350,000 shares during the quarter. Daiwa Securities Group Inc. owned 14.62% of Global X Social Media Index ETF worth $19,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Global X Social Media Index ETF in the 1st quarter valued at about $5,465,000. NBC Securities Inc. raised its stake in Global X Social Media Index ETF by 184.8% during the first quarter. NBC Securities Inc. now owns 65,649 shares of the company’s stock valued at $2,644,000 after buying an additional 42,599 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Global X Social Media Index ETF by 256.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 47,187 shares of the company’s stock worth $1,901,000 after buying an additional 33,963 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Global X Social Media Index ETF by 98.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,884 shares of the company’s stock worth $586,000 after acquiring an additional 6,905 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Global X Social Media Index ETF by 102.0% in the 4th quarter. Assetmark Inc. now owns 5,564 shares of the company’s stock worth $225,000 after acquiring an additional 2,810 shares in the last quarter.

Global X Social Media Index ETF Trading Down 1.0 %

SOCL stock opened at $37.28 on Wednesday. The stock’s 50 day simple moving average is $40.23 and its 200 day simple moving average is $41.00. Global X Social Media Index ETF has a 12-month low of $33.23 and a 12-month high of $44.97. The firm has a market cap of $118.55 million, a P/E ratio of 29.02 and a beta of 0.94.

Global X Social Media Index ETF Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.1039 per share. The ex-dividend date of this dividend was Thursday, June 27th.

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.