Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Hits New 52-Week High – Should You Buy?

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

Global X Lithium & Battery Tech ETF Trading Up 2.2%

The stock has a market capitalization of $1.41 billion, a P/E ratio of 21.25 and a beta of 1.05. The business has a 50-day moving average price of $57.05 and a two-hundred day moving average price of $46.23.

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

Large investors have recently bought and sold shares of the company. Certuity LLC bought a new position in Global X Lithium & Battery Tech ETF in the 3rd quarter valued at about $309,000. Sei Investments Co. lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 42.5% during the 3rd quarter. Sei Investments Co. now owns 8,918 shares of the company’s stock worth $507,000 after acquiring an additional 2,661 shares during the period. UBS Group AG boosted its position in shares of Global X Lithium & Battery Tech ETF by 4.2% during the 3rd quarter. UBS Group AG now owns 157,939 shares of the company’s stock worth $8,979,000 after acquiring an additional 6,317 shares in the last quarter. Barometer Capital Management Inc. bought a new position in Global X Lithium & Battery Tech ETF in the third quarter valued at approximately $193,000. Finally, BNP Paribas Financial Markets increased its stake in Global X Lithium & Battery Tech ETF by 42.3% in the third quarter. BNP Paribas Financial Markets now owns 216,095 shares of the company’s stock valued at $12,285,000 after acquiring an additional 64,273 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.