Mirae Asset Global Investments Co. Ltd. Takes $2.62 Million Position in Global X Social Media ETF $SOCL

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Global X Social Media ETF (NASDAQ:SOCL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,100 shares of the company’s stock, valued at approximately $2,618,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Great Diamond Partners LLC bought a new stake in shares of Global X Social Media ETF in the 3rd quarter valued at about $2,540,000. Valeo Financial Advisors LLC bought a new position in Global X Social Media ETF in the second quarter worth approximately $213,000. Osaic Holdings Inc. lifted its holdings in Global X Social Media ETF by 64.4% during the second quarter. Osaic Holdings Inc. now owns 6,481 shares of the company’s stock worth $347,000 after buying an additional 2,538 shares during the period. Ameriprise Financial Inc. bought a new stake in Global X Social Media ETF during the 2nd quarter valued at $243,000. Finally, Jane Street Group LLC bought a new stake in Global X Social Media ETF during the 2nd quarter valued at $482,000.

Global X Social Media ETF Trading Down 0.9%

SOCL opened at $55.39 on Tuesday. The firm has a market cap of $127.95 million, a price-to-earnings ratio of 21.77 and a beta of 0.94. Global X Social Media ETF has a 12 month low of $37.50 and a 12 month high of $63.93. The stock has a fifty day moving average price of $56.05 and a 200-day moving average price of $57.11.

Global X Social Media ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.1276 per share. This represents a dividend yield of 46.0%. The ex-dividend date was Tuesday, December 30th.

Global X Social Media ETF Company Profile

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.