National Bank of Canada FI reduced its position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT – Free Report) by 59.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,941 shares of the company’s stock after selling 8,880 shares during the period. National Bank of Canada FI’s holdings in Global X Lithium & Battery Tech ETF were worth $299,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LIT. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Global X Lithium & Battery Tech ETF by 75.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 394,520 shares of the company’s stock worth $20,097,000 after buying an additional 169,329 shares during the period. Touchstone Capital Inc. bought a new position in shares of Global X Lithium & Battery Tech ETF in the fourth quarter worth about $1,391,000. Grimes & Company Inc. purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter worth about $1,208,000. Sowell Financial Services LLC bought a new stake in Global X Lithium & Battery Tech ETF during the 4th quarter valued at approximately $1,080,000. Finally, International Assets Investment Management LLC lifted its holdings in Global X Lithium & Battery Tech ETF by 10.4% in the 4th quarter. International Assets Investment Management LLC now owns 176,471 shares of the company’s stock worth $8,989,000 after purchasing an additional 16,575 shares in the last quarter.
Global X Lithium & Battery Tech ETF Price Performance
Shares of LIT opened at $45.14 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a 1 year low of $39.26 and a 1 year high of $69.09. The company has a 50 day simple moving average of $44.90 and a two-hundred day simple moving average of $45.93.
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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