Global X Lithium & Battery Tech ETF $LIT Stake Reduced by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,876 shares of the company’s stock after selling 2,357 shares during the quarter. HighTower Advisors LLC owned about 0.07% of Global X Lithium & Battery Tech ETF worth $577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ameriflex Group Inc. bought a new position in shares of Global X Lithium & Battery Tech ETF in the fourth quarter worth $28,000. NBC Securities Inc. grew its stake in shares of Global X Lithium & Battery Tech ETF by 89,600.0% in the first quarter. NBC Securities Inc. now owns 897 shares of the company’s stock worth $34,000 after purchasing an additional 896 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of Global X Lithium & Battery Tech ETF in the first quarter worth $89,000. Barclays PLC grew its stake in shares of Global X Lithium & Battery Tech ETF by 28.1% in the fourth quarter. Barclays PLC now owns 2,654 shares of the company’s stock worth $108,000 after purchasing an additional 582 shares in the last quarter. Finally, HBW Advisory Services LLC bought a new position in shares of Global X Lithium & Battery Tech ETF in the first quarter worth $139,000.

Global X Lithium & Battery Tech ETF Stock Performance

NYSEARCA:LIT opened at $47.46 on Friday. Global X Lithium & Battery Tech ETF has a 1 year low of $31.44 and a 1 year high of $49.12. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 21.25 and a beta of 1.18. The business has a fifty day moving average of $42.43 and a 200-day moving average of $39.69.

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.