PNC Financial Services Group Inc. Trims Stake in Global X Internet of Things ETF $SNSR

PNC Financial Services Group Inc. reduced its holdings in Global X Internet of Things ETF (NASDAQ:SNSR) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 362,880 shares of the company’s stock after selling 29,258 shares during the quarter. PNC Financial Services Group Inc. owned 0.07% of Global X Internet of Things ETF worth $13,410,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SNSR. Royal Bank of Canada increased its stake in Global X Internet of Things ETF by 1.6% in the 1st quarter. Royal Bank of Canada now owns 25,396 shares of the company’s stock worth $837,000 after acquiring an additional 406 shares during the last quarter. Jane Street Group LLC increased its stake in Global X Internet of Things ETF by 213.5% in the 1st quarter. Jane Street Group LLC now owns 80,000 shares of the company’s stock worth $2,635,000 after acquiring an additional 54,481 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Global X Internet of Things ETF by 575.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,331 shares of the company’s stock worth $50,000 after acquiring an additional 1,134 shares during the last quarter. Sei Investments Co. bought a new position in Global X Internet of Things ETF in the 2nd quarter worth about $243,000. Finally, Raymond James Financial Inc. increased its stake in Global X Internet of Things ETF by 7.3% in the 2nd quarter. Raymond James Financial Inc. now owns 31,666 shares of the company’s stock worth $1,196,000 after acquiring an additional 2,155 shares during the last quarter.

Global X Internet of Things ETF Stock Up 2.8%

Shares of NASDAQ SNSR opened at $50.38 on Friday. The firm has a market capitalization of $247.37 million, a P/E ratio of 26.18 and a beta of 1.32. The stock’s 50-day simple moving average is $41.97 and its two-hundred day simple moving average is $39.36. Global X Internet of Things ETF has a twelve month low of $34.20 and a twelve month high of $50.51.

About Global X Internet of Things ETF

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.