Marshall Investment Management LLC Trims Holdings in Global X Lithium & Battery Tech ETF $LIT

Marshall Investment Management LLC reduced its holdings in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 21.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,378 shares of the company’s stock after selling 9,466 shares during the period. Marshall Investment Management LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $2,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Centaurus Financial Inc. boosted its stake in shares of Global X Lithium & Battery Tech ETF by 4.1% during the 3rd quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock valued at $261,000 after buying an additional 181 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Global X Lithium & Battery Tech ETF by 11.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,836 shares of the company’s stock valued at $184,000 after buying an additional 299 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of 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 valued at $38,000 after buying an additional 337 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Global X Lithium & Battery Tech ETF by 3.1% during the 4th quarter. Truist Financial Corp now owns 12,234 shares of the company’s stock valued at $793,000 after buying an additional 364 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in shares of Global X Lithium & Battery Tech ETF by 44.4% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock valued at $74,000 after buying an additional 400 shares during the last quarter.

Global X Lithium & Battery Tech ETF Stock Performance

Global X Lithium & Battery Tech ETF stock opened at $85.28 on Tuesday. The stock has a market cap of $2.09 billion, a P/E ratio of 21.25 and a beta of 1.03. The stock has a 50 day moving average of $79.81 and a 200-day moving average of $72.15. Global X Lithium & Battery Tech ETF has a 52 week low of $35.62 and a 52 week high of $91.98.

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.