Belpointe Asset Management LLC Takes Position in Global X Lithium & Battery Tech ETF $LIT

Belpointe Asset Management LLC purchased a new stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,672 shares of the company’s stock, valued at approximately $607,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kilter Group LLC acquired a new stake in Global X Lithium & Battery Tech ETF in the second quarter valued at $26,000. Total Investment Management Inc. purchased a new position in shares of Global X Lithium & Battery Tech ETF in the 2nd quarter valued at about $33,000. Private Trust Co. NA acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the third quarter valued at about $52,000. Global Retirement Partners LLC lifted its stake in shares of Global X Lithium & Battery Tech ETF by 390.0% in the third quarter. Global Retirement Partners LLC now owns 1,279 shares of the company’s stock valued at $73,000 after purchasing an additional 1,018 shares during the period. Finally, MTM Investment Management LLC purchased a new stake in Global X Lithium & Battery Tech ETF during the second quarter worth about $77,000.

Global X Lithium & Battery Tech ETF Trading Down 5.0%

Shares of LIT opened at $69.95 on Friday. Global X Lithium & Battery Tech ETF has a twelve month low of $31.44 and a twelve month high of $75.86. The firm has a market capitalization of $1.64 billion, a P/E ratio of 21.25 and a beta of 1.05. The firm’s 50-day moving average is $66.98 and its two-hundred day moving average is $57.37.

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.