Independent Advisor Alliance Takes Position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Independent Advisor Alliance bought a new stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,259 shares of the company’s stock, valued at approximately $541,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in Global X Lithium & Battery Tech ETF by 219.8% in the 3rd quarter. Barclays PLC now owns 2,072 shares of the company’s stock worth $90,000 after purchasing an additional 1,424 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Global X Lithium & Battery Tech ETF by 32.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,322 shares of the company’s stock worth $363,000 after purchasing an additional 2,024 shares during the last quarter. D.A. Davidson & CO. bought a new position in Global X Lithium & Battery Tech ETF in the 4th quarter worth approximately $252,000. SG Americas Securities LLC raised its position in Global X Lithium & Battery Tech ETF by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 11,565 shares of the company’s stock worth $472,000 after purchasing an additional 6,327 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Global X Lithium & Battery Tech ETF by 26.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,486 shares of the company’s stock worth $152,000 after purchasing an additional 734 shares during the last quarter.

Global X Lithium & Battery Tech ETF Price Performance

LIT stock opened at $41.60 on Tuesday. The company has a 50 day moving average price of $41.18 and a 200 day moving average price of $41.99. Global X Lithium & Battery Tech ETF has a fifty-two week low of $34.65 and a fifty-two week high of $49.12. The stock has a market capitalization of $993.82 million, a PE ratio of 26.06 and a beta of 1.18.

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.