Petra Financial Advisors Inc. Makes New Investment in Global X Lithium & Battery Tech ETF $LIT

Petra Financial Advisors Inc. bought a new position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the 1st quarter, Holdings Channel.com reports. The firm bought 9,822 shares of the company’s stock, valued at approximately $730,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nalls Sherbakoff Group LLC acquired a new position in Global X Lithium & Battery Tech ETF during the 4th quarter worth approximately $29,000. AlphaCore Capital LLC grew its position in Global X Lithium & Battery Tech ETF by 333.3% in the fourth quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock valued at $42,000 after acquiring an additional 500 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $53,000. Parallel Advisors LLC grew its position in Global X Lithium & Battery Tech ETF by 58.9% in the fourth quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock valued at $64,000 after acquiring an additional 365 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of Global X Lithium & Battery Tech ETF by 7,453.3% during the fourth quarter. Root Financial Partners LLC now owns 1,133 shares of the company’s stock valued at $73,000 after purchasing an additional 1,118 shares during the period.

Global X Lithium & Battery Tech ETF Trading Up 3.2%

Shares of LIT stock opened at $69.08 on Wednesday. The company has a market capitalization of $1.52 billion, a PE ratio of 21.25 and a beta of 1.02. The firm has a fifty day simple moving average of $79.48 and a 200-day simple moving average of $76.43. Global X Lithium & Battery Tech ETF has a twelve month low of $40.41 and a twelve month high of $91.98.

Global X Lithium & Battery Tech ETF 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.