iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Shares Down 0.9% – What’s Next?

iShares Lithium Miners and Producers ETF (NASDAQ:ILITGet Free Report) shares dropped 0.9% on Friday . The stock traded as low as $16.73 and last traded at $16.76. Approximately 10,119 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 46,539 shares. The stock had previously closed at $16.92.

iShares Lithium Miners and Producers ETF Price Performance

The stock’s 50 day simple moving average is $17.44 and its two-hundred day simple moving average is $14.78. The company has a market capitalization of $21.79 million, a P/E ratio of 1.98 and a beta of 1.21.

iShares Lithium Miners and Producers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $0.2988 dividend. This represents a yield of 417.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ILIT. Farther Finance Advisors LLC increased its stake in shares of iShares Lithium Miners and Producers ETF by 252.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $28,000 after buying an additional 1,300 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of iShares Lithium Miners and Producers ETF during the fourth quarter valued at $29,000. Finally, Group One Trading LLC acquired a new position in shares of iShares Lithium Miners and Producers ETF during the fourth quarter valued at $77,000.

About iShares Lithium Miners and Producers ETF

(Get Free Report)

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.

Further Reading

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