Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Hits New 12-Month High – Here’s Why

Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) hit a new 52-week high during trading on Monday . The company traded as high as $56.93 and last traded at $56.57, with a volume of 7641 shares traded. The stock had previously closed at $55.55.

Global X Lithium & Battery Tech ETF Price Performance

The business’s 50 day moving average is $47.15 and its 200 day moving average is $41.04. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 21.25 and a beta of 1.18.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Whitcomb & Hess Inc. lifted its position in Global X Lithium & Battery Tech ETF by 1.3% in the second quarter. Whitcomb & Hess Inc. now owns 192,021 shares of the company’s stock valued at $7,374,000 after acquiring an additional 2,452 shares during the last quarter. Kraft Davis & Associates LLC purchased a new stake in Global X Lithium & Battery Tech ETF in the second quarter valued at $1,902,000. BLVD Private Wealth LLC purchased a new stake in Global X Lithium & Battery Tech ETF in the second quarter valued at $1,679,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Global X Lithium & Battery Tech ETF by 172.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,591 shares of the company’s stock valued at $1,598,000 after acquiring an additional 25,689 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Global X Lithium & Battery Tech ETF by 10.8% in the second quarter. Ameriprise Financial Inc. now owns 39,540 shares of the company’s stock valued at $1,492,000 after acquiring an additional 3,839 shares during the last quarter.

Global X Lithium & Battery Tech ETF Company 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.