Social Media ETF Allocates 4.5% to Twitter

ETF Trends

The Global X Social Media Index ETF (SOCL) has allocated 4.5% of its weight to newly public social media firm Twitter (TWTR), making the stock the ETF’s eleventh-largest holding.

At a weight of 4.5%, Twitter is just behind Yandex (YNDX), the Google (GOOG) of Russia, in SOCL’s lineup. SOCL joins the Renaissance IPO ETF (IPO) as the first ETF’s to add Twitter to their respective lineups. [Twitter ETF Update]

Twitter is IPO’s tenth-largest holding, but its weight in that ETF is slightly more than half what it is in SOCL. [Twitter Enters IPO ETF as Top-10 Holding]

After surging almost 5% on Thursday, Twitter has a market value of $24.3 billion. That is more than Zynga (ZNGA), Yelp (YELP) and Groupon (GRPN), SOCL’s seventh- through ninth-largest holdings, combined.

Sina (SINA), the Twitter of China, is SOCL’s largest holding with a weight of 9.92%. SOCL has nearly $107 million in assets under management and is up 47.4% this year.

Global X Social Media Index ETF

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ETF Trends editorial team contributed to this post.

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