Mirae Asset Global Investments Co. Ltd. Has $354,000 Stake in Global X Lithium & Battery Tech ETF $LIT

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 77.3% during the second quarter, HoldingsChannel reports. The fund owned 9,230 shares of the company’s stock after selling 31,361 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Global X Lithium & Battery Tech ETF were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIT. NBC Securities Inc. raised its holdings in shares of Global X Lithium & Battery Tech ETF by 89,600.0% during the first quarter. NBC Securities Inc. now owns 897 shares of the company’s stock worth $34,000 after acquiring an additional 896 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the first quarter worth $37,000. AlphaCore Capital LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the first quarter worth $89,000. MFA Wealth Advisors LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the first quarter worth $211,000. Finally, Larson Financial Group LLC raised its holdings in shares of Global X Lithium & Battery Tech ETF by 18.9% during the first quarter. Larson Financial Group LLC now owns 5,512 shares of the company’s stock worth $214,000 after acquiring an additional 878 shares during the period.

Global X Lithium & Battery Tech ETF Stock Down 8.8%

Shares of NYSEARCA:LIT opened at $53.92 on Friday. Global X Lithium & Battery Tech ETF has a 12 month low of $31.44 and a 12 month high of $60.10. The company’s fifty day simple moving average is $50.16 and its 200 day simple moving average is $42.20. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 21.25 and a beta of 1.18.

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.