Pines Wealth Management LLC bought a new stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,660 shares of the company’s stock, valued at approximately $543,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the second quarter worth $29,000. Fairscale Capital LLC acquired a new position in Global X Lithium & Battery Tech ETF during the 2nd quarter worth $35,000. BNP Paribas acquired a new position in Global X Lithium & Battery Tech ETF during the 3rd quarter worth $44,000. Future Financial Wealth Managment LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 3rd quarter worth about $44,000. Finally, Barclays PLC raised its stake in shares of Global X Lithium & Battery Tech ETF by 219.8% in the 3rd quarter. Barclays PLC now owns 2,072 shares of the company’s stock valued at $90,000 after purchasing an additional 1,424 shares in the last quarter.
Global X Lithium & Battery Tech ETF Stock Performance
Shares of LIT stock opened at $41.17 on Wednesday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a one year low of $34.65 and a one year high of $49.12. The company’s 50-day simple moving average is $43.33 and its 200-day simple moving average is $41.07.
Global X Lithium & Battery Tech ETF Profile
Global X Lithium ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Lithium Index (the Index). The Index is free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure broad based equity market performance of global companies involved in the lithium industry, as defined by Structured Solutions AG.
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