iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Shares Down 2% – Should You Sell?

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) shares dropped 2% on Wednesday . The stock traded as low as $18.30 and last traded at $18.83. Approximately 52,076 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 55,543 shares. The stock had previously closed at $19.21.

iShares Lithium Miners and Producers ETF Price Performance

The firm’s 50-day moving average price is $16.37 and its 200 day moving average price is $13.16. The firm has a market cap of $21.65 million, a P/E ratio of 1.98 and a beta of 1.21.

iShares Lithium Miners and Producers ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.2988 per share. The ex-dividend date was Tuesday, December 16th. This represents a yield of 417.0%.

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

An institutional investor recently bought a new position in iShares Lithium Miners and Producers ETF stock. Ameritas Advisory Services LLC purchased a new position in shares of iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,625 shares of the company’s stock, valued at approximately $28,000. Ameritas Advisory Services LLC owned about 0.81% of iShares Lithium Miners and Producers ETF as of its most recent filing with the Securities & Exchange Commission.

iShares Lithium Miners and Producers ETF Company Profile

The iShares Lithium Miners and Producers ETF (ILIT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is passively managed, providing exposure to the lithium industry by investing in stocks of lithium miners and compound manufacturers from all around the world. ILIT was launched on Jun 21, 2023 and is managed by BlackRock.