iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Shares Down 0.7% – Time to Sell?

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) traded down 0.7% on Thursday . The company traded as low as $16.75 and last traded at $17.04. 16,702 shares traded hands during trading, a decline of 69% from the average session volume of 53,673 shares. The stock had previously closed at $17.16.

iShares Lithium Miners and Producers ETF Trading Down 0.7%

The stock has a market cap of $22.15 million, a P/E ratio of 1.98 and a beta of 1.21. The stock’s 50-day moving average is $16.91 and its 200-day moving average is $13.97.

iShares Lithium Miners and Producers ETF Announces Dividend

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

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew 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 worth $28,000 after purchasing an additional 1,300 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in iShares Lithium Miners and Producers ETF during the fourth quarter valued at approximately $29,000. Finally, Group One Trading LLC bought a new stake in iShares Lithium Miners and Producers ETF during the fourth quarter worth approximately $77,000.

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.