NewEdge Wealth LLC Purchases New Stake in Lilium (NASDAQ:LILM)

NewEdge Wealth LLC purchased a new stake in shares of Lilium (NASDAQ:LILM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 245,000 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in Lilium by 29.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 34,335 shares of the company’s stock worth $81,000 after purchasing an additional 7,723 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in Lilium by 126.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 24,775 shares of the company’s stock worth $98,000 after purchasing an additional 13,820 shares in the last quarter. UBS Group AG raised its holdings in Lilium by 250.5% in the 1st quarter. UBS Group AG now owns 19,556 shares of the company’s stock worth $78,000 after purchasing an additional 13,977 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Lilium by 76.7% in the 1st quarter. Two Sigma Advisers LP now owns 48,600 shares of the company’s stock worth $32,000 after purchasing an additional 21,100 shares in the last quarter. Finally, LPL Financial LLC bought a new position in Lilium in the 2nd quarter worth $64,000. 8.30% of the stock is currently owned by institutional investors.

Lilium Stock Performance

Shares of NASDAQ LILM opened at $0.89 on Thursday. Lilium has a 12 month low of $0.37 and a 12 month high of $1.90. The firm has a fifty day simple moving average of $0.94 and a two-hundred day simple moving average of $0.92.

Lilium Company Profile

Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training, maintenance operations, material and battery management, global distribution, flight operations support, ground service equipment, and digital solutions.