Whitcomb & Hess Inc. Raises Stock Position in Global X Lithium & Battery Tech ETF $LIT

Whitcomb & Hess Inc. grew its stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 206,915 shares of the company’s stock after acquiring an additional 14,894 shares during the period. Global X Lithium & Battery Tech ETF accounts for about 3.0% of Whitcomb & Hess Inc.’s investment portfolio, making the stock its 13th biggest holding. Whitcomb & Hess Inc.’s holdings in Global X Lithium & Battery Tech ETF were worth $11,763,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC increased its holdings in Global X Lithium & Battery Tech ETF by 1.9% during the 2nd quarter. Axxcess Wealth Management LLC now owns 13,398 shares of the company’s stock worth $514,000 after purchasing an additional 250 shares during the period. MFA Wealth Advisors LLC lifted its holdings in shares of 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 worth $233,000 after buying an additional 636 shares during the period. Kilter Group LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the 2nd quarter worth $26,000. Total Investment Management Inc. bought a new position in shares of Global X Lithium & Battery Tech ETF during the 2nd quarter worth $33,000. Finally, Banque Transatlantique SA purchased a new position in shares of Global X Lithium & Battery Tech ETF during the first quarter valued at $37,000.

Global X Lithium & Battery Tech ETF Price Performance

LIT stock opened at $64.09 on Friday. Global X Lithium & Battery Tech ETF has a 1-year low of $31.44 and a 1-year high of $65.38. The business has a 50-day moving average price of $61.55 and a 200 day moving average price of $50.84. The company has a market capitalization of $1.42 billion, a P/E ratio of 21.25 and a beta of 1.05.

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. 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.