Wealth Enhancement Advisory Services LLC Decreases Stake in Global X Lithium & Battery Tech ETF $LIT

Wealth Enhancement Advisory Services LLC reduced its position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 31.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,407 shares of the company’s stock after selling 2,497 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LIT. NBC Securities Inc. lifted its position 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 buying an additional 896 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Global X Lithium & Battery Tech ETF by 25.5% in the first quarter. SG Americas Securities LLC now owns 14,518 shares of the company’s stock worth $563,000 after buying an additional 2,953 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the first quarter worth about $211,000. Moran Wealth Management LLC purchased a new stake in Global X Lithium & Battery Tech ETF during the first quarter valued at approximately $276,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Global X Lithium & Battery Tech ETF by 172.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,591 shares of the company’s stock valued at $1,598,000 after purchasing an additional 25,689 shares during the period.

Global X Lithium & Battery Tech ETF Price Performance

Shares of LIT stock opened at $53.92 on Friday. Global X Lithium & Battery Tech ETF has a 1 year low of $31.44 and a 1 year high of $60.10. The stock’s 50 day simple moving average is $50.16 and its two-hundred day simple moving average is $42.20. The company has a market cap of $1.23 billion, a PE ratio of 21.25 and a beta of 1.18.

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.