Global X Lithium & Battery Tech ETF (NYSEARCA:LIT – Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $82.49 and traded as low as $78.02. Global X Lithium & Battery Tech ETF shares last traded at $78.30, with a volume of 487,343 shares trading hands.
Global X Lithium & Battery Tech ETF Stock Performance
The firm has a 50 day moving average of $82.49 and a 200-day moving average of $73.54. The stock has a market capitalization of $1.92 billion, a PE ratio of 21.25 and a beta of 1.01.
Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF
Several hedge funds have recently bought and sold shares of the business. PFG Investments LLC lifted its stake in Global X Lithium & Battery Tech ETF by 2.8% in the 1st quarter. PFG Investments LLC now owns 5,203 shares of the company’s stock worth $387,000 after acquiring an additional 141 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Global X Lithium & Battery Tech ETF by 2.2% in the 4th quarter. Wealthspire Advisors LLC now owns 7,765 shares of the company’s stock worth $504,000 after acquiring an additional 168 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Global X Lithium & Battery Tech ETF by 4.1% in the 3rd quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock worth $261,000 after acquiring an additional 181 shares in the last quarter. Realta Investment Advisors increased its position in Global X Lithium & Battery Tech ETF by 26.1% in the 1st quarter. Realta Investment Advisors now owns 1,231 shares of the company’s stock worth $92,000 after purchasing an additional 255 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Global X Lithium & Battery Tech ETF by 3.7% in the 1st quarter. NewEdge Advisors LLC now owns 7,848 shares of the company’s stock worth $583,000 after purchasing an additional 282 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. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index.
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