Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Reaches New 12-Month High – Here’s Why

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $85.11 and last traded at $84.95, with a volume of 372637 shares. The stock had previously closed at $83.79.

Global X Lithium & Battery Tech ETF Trading Up 1.6%

The firm has a 50-day moving average of $75.28 and a 200 day moving average of $68.94. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 21.25 and a beta of 0.98.

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

Institutional investors have recently made changes to their positions in the business. Nalls Sherbakoff Group LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 4th quarter valued at approximately $29,000. AlphaCore Capital LLC raised its position in shares of Global X Lithium & Battery Tech ETF by 333.3% in the 4th quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock valued at $42,000 after purchasing an additional 500 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Global X Lithium & Battery Tech ETF by 103.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock valued at $38,000 after purchasing an additional 337 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 4th quarter valued at approximately $53,000. Finally, Private Trust Co. NA acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 3rd quarter valued at approximately $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.