iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Trading 0.8% Higher – What’s Next?

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) traded up 0.8% on Tuesday . The stock traded as high as $17.14 and last traded at $17.12. 5,786 shares changed hands during trading, a decline of 86% from the average session volume of 41,183 shares. The stock had previously closed at $16.98.

iShares Lithium Miners and Producers ETF Trading Up 0.8%

The stock has a market capitalization of $20.54 million, a PE ratio of 1.98 and a beta of 1.12. The firm’s 50-day simple moving average is $16.90 and its two-hundred day simple moving average is $15.59.

Hedge Funds Weigh In On iShares Lithium Miners and Producers ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Group One Trading LLC purchased a new position in shares of iShares Lithium Miners and Producers ETF during the 4th quarter valued at $77,000. Smartleaf Asset Management LLC purchased a new position in shares of iShares Lithium Miners and Producers ETF during the 4th quarter valued at $29,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of iShares Lithium Miners and Producers ETF by 252.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $28,000 after acquiring an additional 1,300 shares in the last quarter.

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.