Global X Lithium & Battery Tech ETF $LIT Stake Reduced by Cetera Investment Advisers

Cetera Investment Advisers cut its stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 21.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,800 shares of the company’s stock after selling 20,095 shares during the period. Cetera Investment Advisers’ holdings in Global X Lithium & Battery Tech ETF were worth $5,338,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Petra Financial Advisors Inc. acquired a new position in shares of Global X Lithium & Battery Tech ETF during the first quarter valued at $730,000. Cutler Investment Counsel LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the 1st quarter worth about $221,000. Clifford Swan Investment Counsel LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the 1st quarter worth about $213,000. Wealthfront Advisers LLC lifted its position in Global X Lithium & Battery Tech ETF by 13.1% in the 1st quarter. Wealthfront Advisers LLC now owns 39,992 shares of the company’s stock valued at $2,973,000 after purchasing an additional 4,629 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Global X Lithium & Battery Tech ETF by 49.2% in the 1st quarter. Sanctuary Advisors LLC now owns 7,524 shares of the company’s stock valued at $559,000 after purchasing an additional 2,481 shares during the last quarter.

Global X Lithium & Battery Tech ETF Stock Up 0.3%

Global X Lithium & Battery Tech ETF stock opened at $69.41 on Tuesday. Global X Lithium & Battery Tech ETF has a 52-week low of $41.22 and a 52-week high of $91.98. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 21.25 and a beta of 1.02. The firm has a 50-day moving average price of $76.53 and a two-hundred day moving average price of $76.45.

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.