Money Design Co. Ltd. Reduces Stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Money Design Co. Ltd. trimmed its stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 18.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,753 shares of the company’s stock after selling 10,017 shares during the period. Money Design Co. Ltd.’s holdings in Global X Lithium & Battery Tech ETF were worth $1,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flagship Harbor Advisors LLC raised its holdings in Global X Lithium & Battery Tech ETF by 9.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,987 shares of the company’s stock valued at $326,000 after buying an additional 661 shares during the period. Magnus Financial Group LLC increased its position in Global X Lithium & Battery Tech ETF by 11.9% during the third quarter. Magnus Financial Group LLC now owns 6,310 shares of the company’s stock valued at $275,000 after acquiring an additional 672 shares during the last quarter. Sunbelt Securities Inc. increased its position in Global X Lithium & Battery Tech ETF by 26.7% during the third quarter. Sunbelt Securities Inc. now owns 3,486 shares of the company’s stock valued at $152,000 after acquiring an additional 734 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the fourth quarter valued at $31,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 50.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,592 shares of the company’s stock worth $106,000 after acquiring an additional 864 shares during the last quarter.

Global X Lithium & Battery Tech ETF Trading Down 0.8 %

Shares of NYSEARCA:LIT opened at $40.67 on Wednesday. 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 capitalization of $1.44 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. The firm’s 50-day moving average is $42.64 and its 200 day moving average is $41.18.

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.