Innovative Advisory Group LLC Acquires Shares of 35,473 Global X Lithium & Battery Tech ETF $LIT

Innovative Advisory Group LLC bought a new stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,473 shares of the company’s stock, valued at approximately $2,777,000. Global X Lithium & Battery Tech ETF accounts for about 2.1% of Innovative Advisory Group LLC’s portfolio, making the stock its 8th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Wick Capital Partners LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $607,000. Baker Avenue Asset Management LP purchased a new position in Global X Lithium & Battery Tech ETF during the 4th quarter worth $3,793,000. Petra Financial Advisors Inc. purchased a new position in Global X Lithium & Battery Tech ETF during the 1st quarter worth $730,000. Purpose Unlimited Inc. bought a new stake in Global X Lithium & Battery Tech ETF during the 4th quarter valued at $1,596,000. Finally, Chicago Wealth Management Inc. bought a new stake in Global X Lithium & Battery Tech ETF during the 4th quarter valued at $5,041,000.

Global X Lithium & Battery Tech ETF Trading Up 0.5%

Shares of LIT stock opened at $70.83 on Tuesday. Global X Lithium & Battery Tech ETF has a twelve month low of $52.50 and a twelve month high of $91.98. The stock has a fifty day simple moving average of $72.34 and a two-hundred day simple moving average of $76.75. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 21.25 and a beta of 1.03.

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. 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.