Arrowroot Family Office LLC Invests $363,000 in Global X Lithium & Battery Tech ETF $LIT

Arrowroot Family Office LLC acquired a new position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 9,441 shares of the company’s stock, valued at approximately $363,000.

Several other institutional investors have also recently made changes to their positions in the stock. Whitcomb & Hess Inc. raised its stake in shares of Global X Lithium & Battery Tech ETF by 1.3% in the second quarter. Whitcomb & Hess Inc. now owns 192,021 shares of the company’s stock worth $7,374,000 after buying an additional 2,452 shares during the period. Kraft Davis & Associates LLC bought a new position in shares of Global X Lithium & Battery Tech ETF in the second quarter worth about $1,902,000. Wealthfront Advisers LLC raised its stake in shares of Global X Lithium & Battery Tech ETF by 8.4% in the second quarter. Wealthfront Advisers LLC now owns 39,508 shares of the company’s stock worth $1,517,000 after buying an additional 3,063 shares during the period. National Bank of Canada FI raised its stake in shares of Global X Lithium & Battery Tech ETF by 21.0% in the first quarter. National Bank of Canada FI now owns 16,758 shares of the company’s stock worth $651,000 after buying an additional 2,914 shares during the period. Finally, Moran Wealth Management LLC raised its stake in shares of Global X Lithium & Battery Tech ETF by 98.0% in the second quarter. Moran Wealth Management LLC now owns 14,062 shares of the company’s stock worth $540,000 after buying an additional 6,960 shares during the period.

Global X Lithium & Battery Tech ETF Stock Down 3.6%

NYSEARCA LIT opened at $59.25 on Wednesday. The stock’s 50-day moving average price is $54.99 and its 200-day moving average price is $45.10. Global X Lithium & Battery Tech ETF has a 52 week low of $31.44 and a 52 week high of $63.28. The company has a market capitalization of $1.31 billion, a P/E ratio of 21.25 and a beta of 1.05.

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.