Seeking Alpha

Twitter lands in two ETFs

The Global X Social Media ETF (SOCL +1.2%) quickly adds Twitter (TWTR) to its portfolio, the stock comprising 4.57% of its holdings. Topping the fund's list is LinkedIn with 10.12% and Facebook with 9.95%.

The recently-launched Renaissance IPO ETF (IPO +0.4%) counts Twitter as its 10th largest holding with a 2.53% allocation.

The SOCL is up a tidy 53% YTD and has drawn $95M in new assets since August 1. Total AUM now stands at $107M.

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Comments (1)
  • stoj
    , contributor
    Comments (536) | Send Message
    With a float at 10% of "market cap" and ETF's, managers, banks etc gobbling up that small piece, how much is left for trading, and floating evaluations ? The answer is, nothing.
    15 Nov 2013, 12:56 PM Reply Like
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