Parallel Advisors LLC Sells 8,386 Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Parallel Advisors LLC decreased its holdings in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 92.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 678 shares of the company’s stock after selling 8,386 shares during the period. Parallel Advisors LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $26,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter valued at approximately $2,453,000. Renaissance Technologies LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $1,562,000. Ipsen Advisor Group LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $1,415,000. SIH Partners LLLP bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $869,000. Finally, Millennium Management LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $821,000.

Global X Lithium & Battery Tech ETF Trading Up 1.0%

NYSEARCA:LIT opened at $37.58 on Tuesday. Global X Lithium & Battery Tech ETF has a 12 month low of $31.44 and a 12 month high of $49.12. The company has a market cap of $823.38 million, a PE ratio of 22.43 and a beta of 1.02. The company has a 50 day simple moving average of $36.53 and a two-hundred day simple moving average of $39.93.

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.