Global X Social Media ETF (NASDAQ:SOCL) Trading Down 2.1% – Time to Sell?

Global X Social Media ETF (NASDAQ:SOCL) fell 2.1% on Monday . The company traded as low as $45.72 and last traded at $45.73. Approximately 7,693 shares traded hands during 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 stock has a 50-day moving average of $45.57 and a two-hundred day moving average of $46.69. The company has a market cap of $91.00 million, a P/E ratio of 21.77 and a beta of 1.02.

Global X Social Media ETF Dividend Announcement

The firm also recently declared 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.

Institutional Investors Weigh In On Global X Social Media ETF

A number of institutional investors have recently made changes to their positions in SOCL. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Global X Social Media ETF by 161,517.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock valued at $14,634,000 after purchasing an additional 264,889 shares during the last quarter. Great Diamond Partners LLC lifted its stake in Global X Social Media ETF by 11.0% in the fourth quarter. Great Diamond Partners LLC now owns 46,397 shares of the company’s stock worth $2,562,000 after purchasing an additional 4,584 shares during the last quarter. Sei Investments Co. bought a new stake in Global X Social Media ETF in the second quarter worth $299,000. Ameriprise Financial Inc. lifted its stake in Global X Social Media ETF by 5.9% in the third 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 last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in Global X Social Media ETF during the second quarter valued at about $291,000.

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.