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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $81.57 and last traded at $81.50, with a volume of 105349 shares traded. The stock had previously closed at $79.64.

Global X Lithium & Battery Tech ETF Price Performance

The stock’s fifty day simple moving average is $72.97 and its 200-day simple moving average is $67.15. The stock has a market cap of $1.90 billion, a P/E ratio of 21.25 and a beta of 0.98.

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

Several large investors have recently made changes to their positions in the company. Wealthspire Advisors LLC increased its stake in shares of Global X Lithium & Battery Tech ETF by 2.2% during the fourth quarter. Wealthspire Advisors LLC now owns 7,765 shares of the company’s stock valued at $504,000 after acquiring an additional 168 shares during the period. Centaurus Financial Inc. grew its position in Global X Lithium & Battery Tech ETF by 4.1% in the third quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock worth $261,000 after buying an additional 181 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Global X Lithium & Battery Tech ETF by 11.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,836 shares of the company’s stock worth $184,000 after purchasing an additional 299 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Global X Lithium & Battery Tech ETF by 5.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,107 shares of the company’s stock worth $396,000 after purchasing an additional 301 shares during the period. Finally, Betterment LLC boosted its stake in Global X Lithium & Battery Tech ETF by 7.2% in the 4th quarter. Betterment LLC now owns 4,840 shares of the company’s stock worth $314,000 after purchasing an additional 325 shares during the period.

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.