Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 50.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,600 shares of the company’s stock after buying an additional 1,200 shares during the period. Picton Mahoney Asset Management’s holdings in Global X Lithium & Battery Tech ETF were worth $183,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Global X Lithium & Battery Tech ETF by 75.2% during the fourth 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 in the last quarter. Touchstone Capital Inc. purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the 4th quarter valued at about $1,391,000. Grimes & Company Inc. purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the 4th quarter valued at about $1,208,000. Sowell Financial Services LLC acquired a new position in Global X Lithium & Battery Tech ETF during the 4th quarter worth approximately $1,080,000. Finally, Park Avenue Securities LLC purchased a new position in Global X Lithium & Battery Tech ETF in the 3rd quarter worth approximately $972,000.

Global X Lithium & Battery Tech ETF Stock Up 2.0 %

Shares of NYSEARCA LIT opened at $46.46 on Friday. The business has a 50 day moving average price of $44.90 and a two-hundred day moving average price of $46.05. Global X Lithium & Battery Tech ETF has a fifty-two week low of $39.26 and a fifty-two week high of $69.09. The firm has a market cap of $1.65 billion, a PE ratio of 9.79 and a beta of 1.31.

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.