Envestnet Asset Management Inc. Has $4.67 Million Stake in Global X Lithium & Battery Tech ETF $LIT

Envestnet Asset Management Inc. trimmed its stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 12.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,152 shares of the company’s stock after selling 11,477 shares during the quarter. Envestnet Asset Management Inc. owned 0.37% of Global X Lithium & Battery Tech ETF worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Stratos Wealth Partners LTD. purchased a new stake in Global X Lithium & Battery Tech ETF in the 2nd quarter worth approximately $210,000. BLVD Private Wealth LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF during the 2nd quarter valued at $1,679,000. Whitcomb & Hess Inc. increased its stake in shares of Global X Lithium & Battery Tech ETF by 7.8% in the third quarter. Whitcomb & Hess Inc. now owns 206,915 shares of the company’s stock worth $11,763,000 after acquiring an additional 14,894 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Global X Lithium & Battery Tech ETF by 64.4% during the second quarter. SG Americas Securities LLC now owns 23,873 shares of the company’s stock worth $917,000 after acquiring an additional 9,355 shares in the last quarter. Finally, Pinnbrook Capital Management LP acquired a new stake in Global X Lithium & Battery Tech ETF during the second quarter valued at $1,479,000.

Global X Lithium & Battery Tech ETF Price Performance

Shares of NYSEARCA LIT opened at $73.12 on Monday. Global X Lithium & Battery Tech ETF has a one year low of $31.44 and a one year high of $75.86. The business’s 50-day moving average price is $69.63 and its two-hundred day moving average price is $60.73. The company has a market capitalization of $1.71 billion, a P/E ratio of 21.25 and a beta of 1.05.

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. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index.