Global X Lithium & Battery Tech ETF (NYSEARCA:LIT – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $79.48 and traded as low as $68.33. Global X Lithium & Battery Tech ETF shares last traded at $69.08, with a volume of 346,389 shares trading hands.
Global X Lithium & Battery Tech ETF Price Performance
The company has a market capitalization of $1.52 billion, a PE ratio of 21.25 and a beta of 1.02. The company has a 50 day moving average of $79.48 and a two-hundred day moving average of $76.43.
Institutional Trading of Global X Lithium & Battery Tech ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Global X Lithium & Battery Tech ETF by 36.8% in the 1st quarter. Bank of America Corp DE now owns 340,424 shares of the company’s stock worth $25,310,000 after acquiring an additional 91,542 shares in the last quarter. Bank of Montreal Can boosted its stake in Global X Lithium & Battery Tech ETF by 2,888.0% during the fourth quarter. Bank of Montreal Can now owns 265,692 shares of the company’s stock worth $17,233,000 after acquiring an additional 256,800 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Global X Lithium & Battery Tech ETF by 42.3% during the third quarter. BNP Paribas Financial Markets now owns 216,095 shares of the company’s stock worth $12,285,000 after acquiring an additional 64,273 shares in the last quarter. UBS Group AG grew its holdings in Global X Lithium & Battery Tech ETF by 4.2% in the third quarter. UBS Group AG now owns 157,939 shares of the company’s stock worth $8,979,000 after purchasing an additional 6,317 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Global X Lithium & Battery Tech ETF by 269.6% in the third quarter. Ameriprise Financial Inc. now owns 146,158 shares of the company’s stock worth $8,291,000 after purchasing an additional 106,618 shares during the period.
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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