Mirae Asset Global Investments Co. Ltd. Cuts Holdings in Global X Lithium & Battery Tech ETF $LIT

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 76.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,130 shares of the company’s stock after selling 7,100 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Global X Lithium & Battery Tech ETF were worth $121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in Global X Lithium & Battery Tech ETF in the third quarter valued at $16,334,000. Kraft Davis & Associates LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF during the 2nd quarter worth $1,902,000. BLVD Private Wealth LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF in the 2nd quarter valued at about $1,679,000. Pinnbrook Capital Management LP acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the second quarter valued at about $1,479,000. Finally, Q3 Asset Management acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the third quarter valued at about $1,056,000.

Global X Lithium & Battery Tech ETF Trading Up 4.5%

LIT stock opened at $71.09 on Friday. The company’s 50-day moving average price is $67.81 and its 200 day moving average price is $58.39. Global X Lithium & Battery Tech ETF has a 52 week low of $31.44 and a 52 week high of $75.86. The company has a market cap of $1.67 billion, a P/E ratio of 21.25 and a beta of 1.05.

Global X Lithium & Battery Tech ETF 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. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index.