Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sets New 12-Month High – Here’s What Happened

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $91.98 and last traded at $91.62, with a volume of 789458 shares changing hands. The stock had previously closed at $90.17.

Global X Lithium & Battery Tech ETF Price Performance

The company has a 50-day moving average price of $77.10 and a 200 day moving average price of $70.40. The firm has a market capitalization of $2.25 billion, a PE ratio of 21.25 and a beta of 1.03.

Institutional Trading of Global X Lithium & Battery Tech ETF

A number of large investors have recently added to or reduced their stakes in LIT. Bank of Montreal Can raised its holdings in shares of Global X Lithium & Battery Tech ETF by 2,888.0% during the 4th quarter. Bank of Montreal Can now owns 265,692 shares of the company’s stock worth $17,233,000 after acquiring an additional 256,800 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Global X Lithium & Battery Tech ETF by 42.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 216,095 shares of the company’s stock worth $12,285,000 after acquiring an additional 64,273 shares in the last quarter. UBS Group AG raised its holdings in shares of Global X Lithium & Battery Tech ETF by 4.2% during the 3rd quarter. UBS Group AG now owns 157,939 shares of the company’s stock worth $8,979,000 after acquiring an additional 6,317 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Global X Lithium & Battery Tech ETF by 269.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 146,158 shares of the company’s stock worth $8,291,000 after acquiring an additional 106,618 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Global X Lithium & Battery Tech ETF by 3.8% during the 4th quarter. Cetera Investment Advisers now owns 91,895 shares of the company’s stock worth $5,960,000 after acquiring an additional 3,359 shares in the last quarter.

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.