Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sets New 1-Year High – What’s Next?

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $72.50 and last traded at $72.4760, with a volume of 126058 shares. The stock had previously closed at $70.00.

Global X Lithium & Battery Tech ETF Stock Up 1.9%

The stock has a market capitalization of $1.72 billion, a PE ratio of 21.25 and a beta of 1.05. The business’s 50-day moving average is $65.62 and its two-hundred day moving average is $55.95.

Hedge Funds Weigh In On Global X Lithium & Battery Tech ETF

A number of institutional investors have recently modified their holdings of LIT. TD Waterhouse Canada Inc. lifted its position in Global X Lithium & Battery Tech ETF by 103.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock worth $38,000 after acquiring an additional 337 shares during the period. Kilter Group LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the second quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter worth $53,000. Total Investment Management Inc. purchased a new position in Global X Lithium & Battery Tech ETF in the 2nd quarter valued at $33,000. Finally, Private Trust Co. NA acquired a new position in Global X Lithium & Battery Tech ETF in the 3rd quarter valued at $52,000.

About Global X Lithium & Battery Tech ETF

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.