Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Trading Down 3.2%

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) fell 3.2% during mid-day trading on Friday . The stock traded as low as $35.56 and last traded at $35.58. 43,860 shares were traded during mid-day trading, a decline of 90% from the average session volume of 426,916 shares. The stock had previously closed at $36.74.

Global X Lithium & Battery Tech ETF Stock Down 4.4 %

The company’s fifty day moving average is $38.18 and its two-hundred day moving average is $42.01. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. US Bancorp DE grew its position in shares of Global X Lithium & Battery Tech ETF by 2.5% during the fourth quarter. US Bancorp DE now owns 14,114 shares of the company’s stock worth $719,000 after acquiring an additional 341 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Global X Lithium & Battery Tech ETF by 4.5% in the first quarter. Avantax Advisory Services Inc. now owns 9,962 shares of the company’s stock valued at $451,000 after purchasing an additional 425 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Global X Lithium & Battery Tech ETF by 28.6% in the first quarter. Sunbelt Securities Inc. now owns 2,652 shares of the company’s stock valued at $120,000 after buying an additional 590 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Global X Lithium & Battery Tech ETF by 0.7% during the second quarter. Private Advisor Group LLC now owns 91,685 shares of the company’s stock worth $3,558,000 after buying an additional 649 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF during the first quarter worth about $32,000.

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.