Principal Securities Inc. Sells 537 Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Principal Securities Inc. lessened its stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 18.6% during the 4th quarter, Holdings Channel reports. The fund owned 2,356 shares of the company’s stock after selling 537 shares during the period. Principal Securities Inc.’s holdings in Global X Lithium & Battery Tech ETF were worth $96,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Global X Lithium & Battery Tech ETF by 254.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 84,765 shares of the company’s stock worth $3,603,000 after purchasing an additional 60,835 shares in the last quarter. Grimes & Company Inc. acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $2,448,000. Strategic Financial Concepts LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $736,000. Hansen & Associates Financial Group Inc. acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $599,000. Finally, Pines Wealth Management LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $543,000.

Global X Lithium & Battery Tech ETF Price Performance

Global X Lithium & Battery Tech ETF stock opened at $42.00 on Thursday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 24.56 and a beta of 1.14. Global X Lithium & Battery Tech ETF has a 1-year low of $34.65 and a 1-year high of $49.12. The business has a fifty day moving average price of $41.43 and a 200-day moving average price of $41.60.

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.