Social Media ETF (SOCL) Scoops Up Shares of Facebook (FB)
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Insiders at Global X confirmed today that their Social Media ETF (Nasdaq: SOCL) has an 8.8 percent weighting in shares of recent IPO Facebook (NASDAQ: FB). The ETF is unique in that it invests only in social media companies. The ETF had $25M in assets as of May 24th.
Other top holdings include LinkedIn (Nasdaq: LNKD).
The ETF has been under pressure recently following the fallout from the Facebook IPO debacle. It is down nearly 7 percent since the Facebook IPO debuted.
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Other top holdings include LinkedIn (Nasdaq: LNKD).
The ETF has been under pressure recently following the fallout from the Facebook IPO debacle. It is down nearly 7 percent since the Facebook IPO debuted.
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Michael Caliazzo on May 26, 2012 02:55 PMMark as Spam | Reply to this comment
Smart play.