Pinnbrook Capital Management LP Takes Position in Global X Lithium & Battery Tech ETF $LIT

Pinnbrook Capital Management LP acquired a new position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 38,515 shares of the company’s stock, valued at approximately $1,479,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Banque Transatlantique SA purchased a new stake in Global X Lithium & Battery Tech ETF during the 1st quarter valued at approximately $37,000. AlphaCore Capital LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF in the first quarter worth $89,000. Stratos Wealth Partners LTD. bought a new position in shares of Global X Lithium & Battery Tech ETF during the second quarter worth $210,000. Larson Financial Group LLC grew its stake in Global X Lithium & Battery Tech ETF by 18.9% during the first quarter. Larson Financial Group LLC now owns 5,512 shares of the company’s stock valued at $214,000 after acquiring an additional 878 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its holdings in Global X Lithium & Battery Tech ETF by 11.7% in the 2nd quarter. MFA Wealth Advisors LLC now owns 6,064 shares of the company’s stock valued at $233,000 after acquiring an additional 636 shares during the last quarter.

Global X Lithium & Battery Tech ETF Stock Up 0.1%

LIT opened at $63.77 on Friday. The company has a market capitalization of $1.42 billion, a PE ratio of 21.25 and a beta of 1.05. The firm has a 50-day simple moving average of $57.31 and a two-hundred day simple moving average of $46.41. Global X Lithium & Battery Tech ETF has a 52 week low of $31.44 and a 52 week high of $64.83.

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.