Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Hits New 1-Year Low at $37.84

Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $37.84 and last traded at $37.85, with a volume of 124306 shares changing hands. The stock had previously closed at $39.17.

Global X Lithium & Battery Tech ETF Stock Down 1.7 %

The firm’s 50 day simple moving average is $40.71 and its two-hundred day simple moving average is $43.01. The stock has a market cap of $1.32 billion, a P/E ratio of 9.79 and a beta of 1.31.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Global X Lithium & Battery Tech ETF by 10.4% during the 4th quarter. International Assets Investment Management LLC now owns 176,471 shares of the company’s stock worth $8,989,000 after acquiring an additional 16,575 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Global X Lithium & Battery Tech ETF during the fourth quarter valued at approximately $1,080,000. Financial Freedom LLC increased its stake in Global X Lithium & Battery Tech ETF by 61.7% in the 4th quarter. Financial Freedom LLC now owns 2,634 shares of the company’s stock valued at $134,000 after buying an additional 1,005 shares during the period. Grimes & Company Inc. purchased a new stake in Global X Lithium & Battery Tech ETF in the 4th quarter worth approximately $1,208,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Global X Lithium & Battery Tech ETF by 75.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 394,520 shares of the company’s stock valued at $20,097,000 after buying an additional 169,329 shares during the period.

About Global X Lithium & Battery Tech ETF

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.