The investment world is constantly evolving and new trends and themes emerge regularly. One such trend that has received a lot of attention in recent years is the Internet of Things (IoT). This exciting area of technology is all about interconnectivity between physical devices, enabling seamless communication and data transfer.
One exchange-traded fund (ETF) that offers investors exposure to this exciting industry is the Global X Internet of Things ETF (NASDAQ:SNSR). This fund mainly invests in companies operating in the IoT space. Such companies are involved in manufacturing products such as sensors, cloud software, and internet infrastructure that facilitate the functioning of various IoT applications.
Despite the promising prospects, analysts currently give SNSR a “hold” rating. However, LPL Financial LLC recently increased its stake in this fund by an impressive 36.7%. The company now owns over 160,000 shares worth $4.6 million after purchasing an additional 43,240 shares in the fourth quarter.
Even if the global
SNSR is a relatively new ETF, launched in September 2016 and by Global Innovative Field.
In summary, in the face of an increasingly digitized world, Bloomberg is the Global. As always, investors should carefully consider all options before making decisions regarding their financial strategy.
SNSR Updated: 5/17/2023 Financial Health Neutral
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Institutional investors are bullish on the Global X Internet of Things ETF given the growing IoT industry
The Internet of Things (IoT) industry has attracted the attention of several major investors lately, and with good reason. IoT is the interconnection of billions of devices that can communicate with each other without human intervention. With almost every aspect of daily life now connected – from cars and home appliances to healthcare devices and manufacturing plants – the IoT has become one of the most promising areas for investment.
At the forefront of this trend is the Global X Internet of Things ETF (NASDAQ:SNSR), which tracks an index that includes companies involved in the IoT industry. This fund seeks exposure to companies that develop or use technologies, products or services related to connected devices.
Recent reports show that several well-known institutional investors have recently bought and sold shares of the Global X Internet of Things ETF. For example, Zurich Cantonal Bank increased its holdings by 5.6% last quarter and now owns over 24,000 shares worth $722,000. Meanwhile, Sequoia Financial Advisors LLC recently bought a new position in the fund worth around $215,000, while Armstrong Advisory Group Inc. invested around $339,000 over the same period.
Jane Street Group LLC also joined the bandwagon by acquiring an additional 125,623 shares during the third and fourth quarters of 2020, bringing her total holdings to over 341,951 shares as of the reporting date, valued at over $8 million. Finally, Ellis Investment Partners LLC’s position was boosted by more than 1% thanks to the purchase of an additional 380 shares in the third-fourth quarters of 2020.
Despite recent investments on behalf of some prominent institutional investors in the above funds, analysts continue to rate Nasdaq SNSR as a hold. However, when you’re on the lookout for better buys alongside emerging technology trends, it can be difficult to know exactly where your best option lies. Keeping an eye on the top performers within sectors and staying abreast of the trends forecast over the coming months is crucial for investors looking to make informed decisions.
