Purpose Unlimited Inc. Makes New Investment in Global X Lithium & Battery Tech ETF $LIT

Purpose Unlimited Inc. purchased a new stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the fourth quarter, HoldingsChannel reports. The firm purchased 24,600 shares of the company’s stock, valued at approximately $1,596,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LIT. South Shore Capital Advisors purchased a new position in shares of Global X Lithium & Battery Tech ETF during the 4th quarter worth approximately $616,000. Moran Wealth Management LLC raised its position in Global X Lithium & Battery Tech ETF by 28.0% in the fourth quarter. Moran Wealth Management LLC now owns 31,812 shares of the company’s stock valued at $2,063,000 after purchasing an additional 6,951 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Global X Lithium & Battery Tech ETF by 493.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,630 shares of the company’s stock worth $819,000 after purchasing an additional 10,500 shares in the last quarter. IFG Advisory LLC acquired a new position in Global X Lithium & Battery Tech ETF during the third quarter worth $1,329,000. Finally, Baker Avenue Asset Management LP purchased a new position in shares of Global X Lithium & Battery Tech ETF during the fourth quarter worth $3,793,000.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of NYSEARCA LIT opened at $82.15 on Friday. Global X Lithium & Battery Tech ETF has a twelve month low of $36.11 and a twelve month high of $91.98. The stock has a fifty day simple moving average of $83.99 and a 200-day simple moving average of $74.85. The stock has a market capitalization of $2.01 billion, a PE ratio of 21.25 and a beta of 1.01.

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.