Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Shares Gap Up to $42.81

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) gapped up before the market opened on Monday . The stock had previously closed at $42.81, but opened at $44.11. Global X Lithium & Battery Tech ETF shares last traded at $44.73, with a volume of 177,628 shares traded.

Global X Lithium & Battery Tech ETF Stock Performance

The stock has a market cap of $1.57 billion, a P/E ratio of 9.77 and a beta of 1.35. The firm’s 50 day moving average is $44.64 and its 200 day moving average is $46.25.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LIT. Mirae Asset Global Investments Co. Ltd. grew its position in Global X Lithium & Battery Tech ETF by 75.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 394,520 shares of the company’s stock worth $20,097,000 after purchasing an additional 169,329 shares during the last quarter. Whitcomb & Hess Inc. purchased a new stake in Global X Lithium & Battery Tech ETF during the 1st quarter worth approximately $7,634,000. Touchstone Capital Inc. purchased a new stake in Global X Lithium & Battery Tech ETF during the 4th quarter worth approximately $1,391,000. Grimes & Company Inc. purchased a new stake in Global X Lithium & Battery Tech ETF during the 4th quarter worth approximately $1,208,000. Finally, Financial Advocates Investment Management grew its position in Global X Lithium & Battery Tech ETF by 206.5% during the 4th quarter. Financial Advocates Investment Management now owns 32,086 shares of the company’s stock worth $1,634,000 after purchasing an additional 21,619 shares during the last quarter.

Global X Lithium & Battery Tech ETF Company 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.