Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Hits New 12-Month High – Time to Buy?

Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) hit a new 52-week high during trading on Tuesday . The company traded as high as $75.86 and last traded at $74.48, with a volume of 565993 shares trading hands. The stock had previously closed at $74.75.

Global X Lithium & Battery Tech ETF Stock Down 0.6%

The company has a 50 day moving average price of $66.54 and a 200-day moving average price of $57.05. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05.

Hedge Funds Weigh In On Global X Lithium & Battery Tech ETF

Large investors have recently modified their holdings of the business. Centaurus Financial Inc. lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 4.1% during the third quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock worth $261,000 after purchasing an additional 181 shares during the period. Axxcess Wealth Management LLC increased its holdings in Global X Lithium & Battery Tech ETF by 1.9% in the second quarter. Axxcess Wealth Management LLC now owns 13,398 shares of the company’s stock valued at $514,000 after purchasing an additional 250 shares during the period. TD Waterhouse Canada Inc. raised its position in Global X Lithium & Battery Tech ETF by 103.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock worth $38,000 after purchasing an additional 337 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in Global X Lithium & Battery Tech ETF by 44.4% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock worth $74,000 after buying an additional 400 shares during the period. Finally, CWM LLC lifted its holdings in Global X Lithium & Battery Tech ETF by 11.9% during the 3rd quarter. CWM LLC now owns 4,416 shares of the company’s stock worth $251,000 after buying an additional 468 shares during the period.

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.