Raymond James Financial Inc. Takes Position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Raymond James Financial Inc. acquired a new position in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 60,163 shares of the company’s stock, valued at approximately $2,453,000. Raymond James Financial Inc. owned about 0.17% of Global X Lithium & Battery Tech ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Grimes & Company Inc. purchased a new position in Global X Lithium & Battery Tech ETF in the 4th quarter valued at about $2,448,000. Strategic Financial Concepts LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $736,000. Hansen & Associates Financial Group Inc. purchased a new position in shares of Global X Lithium & Battery Tech ETF during the fourth quarter valued at approximately $599,000. Pines Wealth Management LLC acquired a new stake in Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $543,000. Finally, CX Institutional boosted its position in Global X Lithium & Battery Tech ETF by 9.1% during the fourth quarter. CX Institutional now owns 129,876 shares of the company’s stock worth $5,296,000 after acquiring an additional 10,819 shares during the last quarter.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of LIT opened at $39.37 on Friday. Global X Lithium & Battery Tech ETF has a fifty-two week low of $34.65 and a fifty-two week high of $49.12. The company has a market capitalization of $940.55 million, a PE ratio of 26.06 and a beta of 1.18. The stock has a fifty day moving average of $41.11 and a two-hundred day moving average of $42.22.

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.