LPL Financial LLC Lowers Holdings in Global X Internet of Things ETF (NASDAQ:SNSR)

LPL Financial LLC trimmed its holdings in Global X Internet of Things ETF (NASDAQ:SNSR) by 22.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 122,597 shares of the company’s stock after selling 35,369 shares during the period. LPL Financial LLC owned approximately 1.95% of Global X Internet of Things ETF worth $4,038,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SNSR. Raymond James Financial Inc. purchased a new position in Global X Internet of Things ETF in the fourth quarter worth approximately $2,367,000. Citadel Advisors LLC purchased a new position in Global X Internet of Things ETF in the fourth quarter worth approximately $614,000. Wedmont Private Capital purchased a new position in Global X Internet of Things ETF in the first quarter worth approximately $412,000. Bank of America Corp DE grew its position in Global X Internet of Things ETF by 1.2% in the fourth quarter. Bank of America Corp DE now owns 709,647 shares of the company’s stock worth $24,767,000 after acquiring an additional 8,478 shares during the period. Finally, Moran Wealth Management LLC purchased a new position in Global X Internet of Things ETF in the first quarter worth approximately $275,000.

Global X Internet of Things ETF Stock Performance

Shares of Global X Internet of Things ETF stock opened at $37.83 on Friday. The firm has a market capitalization of $219.41 million, a price-to-earnings ratio of 26.18 and a beta of 1.24. Global X Internet of Things ETF has a fifty-two week low of $26.78 and a fifty-two week high of $39.03. The stock has a 50 day moving average of $37.42 and a 200 day moving average of $35.28.

Global X Internet of Things ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 27th were given a dividend of $0.0504 per share. The ex-dividend date was Friday, June 27th.

Global X Internet of Things ETF Profile

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.