Arete Wealth Advisors LLC Invests $412,000 in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Arete Wealth Advisors LLC acquired a new stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,480 shares of the company’s stock, valued at approximately $412,000.

Other large investors have also recently added to or reduced their stakes in the company. Milestone Investment Advisors LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 4th quarter valued at $26,000. Resurgent Financial Advisors LLC acquired a new position in Global X Lithium & Battery Tech ETF in the fourth quarter valued at about $43,000. Fifth Third Bancorp lifted its position in Global X Lithium & Battery Tech ETF by 44.9% in the first quarter. Fifth Third Bancorp now owns 736 shares of the company’s stock valued at $47,000 after buying an additional 228 shares during the last quarter. Pacifica Partners Inc. boosted its stake in Global X Lithium & Battery Tech ETF by 32.8% during the first quarter. Pacifica Partners Inc. now owns 810 shares of the company’s stock worth $49,000 after buying an additional 200 shares during the period. Finally, Financial Freedom LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter valued at about $51,000.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of LIT stock opened at $57.89 on Friday. The firm has a market cap of $2.93 billion, a P/E ratio of 18.04 and a beta of 1.18. The firm’s 50 day moving average price is $61.82 and its 200-day moving average price is $62.20. Global X Lithium & Battery Tech ETF has a one year low of $56.15 and a one year high of $74.98.

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.