Friedenthal Financial Acquires New Stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Friedenthal Financial bought a new position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,671 shares of the company’s stock, valued at approximately $109,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whitcomb & Hess Inc. boosted its stake in Global X Lithium & Battery Tech ETF by 4.8% in the 3rd quarter. Whitcomb & Hess Inc. now owns 185,942 shares of the company’s stock worth $8,105,000 after purchasing an additional 8,441 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Global X Lithium & Battery Tech ETF by 254.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 84,765 shares of the company’s stock worth $3,603,000 after buying an additional 60,835 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Global X Lithium & Battery Tech ETF by 6.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 57,562 shares of the company’s stock valued at $2,234,000 after buying an additional 3,364 shares during the last quarter. Eagle Strategies LLC increased its position in shares of Global X Lithium & Battery Tech ETF by 30.1% during the third quarter. Eagle Strategies LLC now owns 36,862 shares of the company’s stock valued at $1,607,000 after acquiring an additional 8,523 shares in the last quarter. Finally, Armor Investment Advisors LLC increased its position in shares of Global X Lithium & Battery Tech ETF by 30.0% during the third quarter. Armor Investment Advisors LLC now owns 35,489 shares of the company’s stock valued at $1,547,000 after acquiring an additional 8,182 shares in the last quarter.

Global X Lithium & Battery Tech ETF Trading Up 1.9 %

LIT stock traded up $0.76 during midday trading on Monday, hitting $40.53. The company’s stock had a trading volume of 346,561 shares, compared to its average volume of 347,420. The firm’s 50-day moving average is $43.48 and its 200-day moving average is $41.05. Global X Lithium & Battery Tech ETF has a 12 month low of $34.65 and a 12 month high of $49.12. The company has a market cap of $1.44 billion, a PE ratio of 9.79 and a beta of 1.31.

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.