Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sets New 52-Week High – Here’s What Happened

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $65.74 and last traded at $64.99, with a volume of 61278 shares. The stock had previously closed at $64.09.

Global X Lithium & Battery Tech ETF Trading Up 1.5%

The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05. The stock’s fifty day moving average price is $61.89 and its two-hundred day moving average price is $51.45.

Institutional Trading of Global X Lithium & Battery Tech ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. grew its position in shares of Global X Lithium & Battery Tech ETF by 103.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock valued at $38,000 after buying an additional 337 shares during the last quarter. Kilter Group LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF during the second quarter worth approximately $26,000. Total Investment Management Inc. acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 2nd quarter valued at $33,000. Private Trust Co. NA purchased a new position in Global X Lithium & Battery Tech ETF during the 3rd quarter worth $52,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the first quarter valued at about $37,000.

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.