IFG Advisory LLC Invests $1.33 Million in Global X Lithium & Battery Tech ETF $LIT

IFG Advisory LLC bought a new stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the third quarter, HoldingsChannel reports. The fund bought 23,382 shares of the company’s stock, valued at approximately $1,329,000.

Several other hedge funds have also modified their holdings of the stock. Kilter Group LLC acquired a new position in Global X Lithium & Battery Tech ETF during the 2nd quarter worth approximately $26,000. Total Investment Management Inc. acquired a new stake in Global X Lithium & Battery Tech ETF in the second quarter valued at approximately $33,000. TD Waterhouse Canada Inc. grew its position in Global X Lithium & Battery Tech ETF by 103.4% in the third quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock valued at $38,000 after acquiring an additional 337 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the third quarter valued at approximately $52,000. Finally, Global Retirement Partners LLC raised its stake in shares of Global X Lithium & Battery Tech ETF by 390.0% during the third quarter. Global Retirement Partners LLC now owns 1,279 shares of the company’s stock valued at $73,000 after purchasing an additional 1,018 shares during the period.

Global X Lithium & Battery Tech ETF Trading Down 0.2%

NYSEARCA LIT opened at $68.97 on Friday. The stock has a market cap of $1.62 billion, a P/E ratio of 21.25 and a beta of 1.05. The company’s fifty day simple moving average is $71.23 and its 200-day simple moving average is $62.45. Global X Lithium & Battery Tech ETF has a 52 week low of $31.44 and a 52 week high of $78.00.

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.