Spire Wealth Management Sells 650 Shares of Global X Social Media Index ETF (NASDAQ:SOCL)

Spire Wealth Management cut its holdings in shares of Global X Social Media Index ETF (NASDAQ:SOCL) by 23.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,096 shares of the company’s stock after selling 650 shares during the quarter. Spire Wealth Management owned 0.06% of Global X Social Media Index ETF worth $77,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SOCL. US Bancorp DE bought a new stake in Global X Social Media Index ETF in the first quarter valued at $42,000. Capital Investment Advisory Services LLC boosted its holdings in Global X Social Media Index ETF by 43.1% in the second quarter. Capital Investment Advisory Services LLC now owns 1,268 shares of the company’s stock valued at $46,000 after acquiring an additional 382 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Global X Social Media Index ETF in the first quarter valued at $224,000. Ameriprise Financial Inc. bought a new stake in Global X Social Media Index ETF in the first quarter valued at $237,000. Finally, Citadel Advisors LLC boosted its holdings in Global X Social Media Index ETF by 66.1% in the second quarter. Citadel Advisors LLC now owns 8,223 shares of the company’s stock valued at $273,000 after acquiring an additional 3,271 shares in the last quarter.

Global X Social Media Index ETF Stock Up 1.8 %

NASDAQ:SOCL opened at $39.17 on Tuesday. Global X Social Media Index ETF has a twelve month low of $27.78 and a twelve month high of $40.77. The stock has a market cap of $158.25 million, a P/E ratio of 11.77 and a beta of 0.94. The firm’s fifty day simple moving average is $36.19 and its 200 day simple moving average is $36.91.

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.