Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Hits New 12-Month High – Here’s What Happened

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)’s stock price reached a new 52-week high on Friday . The stock traded as high as $64.83 and last traded at $63.69, with a volume of 601311 shares. The stock had previously closed at $62.31.

Global X Lithium & Battery Tech ETF Stock Performance

The company has a fifty day moving average of $57.05 and a two-hundred day moving average of $46.23. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

A number of institutional investors have recently modified their holdings of LIT. Kilter Group LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF in the second quarter valued at about $26,000. Total Investment Management Inc. bought a new stake in Global X Lithium & Battery Tech ETF in the 2nd quarter valued at about $33,000. Banque Transatlantique SA acquired a new position in shares of Global X Lithium & Battery Tech ETF during the 1st quarter worth approximately $37,000. TD Waterhouse Canada Inc. grew its position in shares of Global X Lithium & Battery Tech ETF by 103.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock worth $38,000 after purchasing an additional 337 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in shares of Global X Lithium & Battery Tech ETF during the third quarter worth approximately $52,000.

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.