PNC Financial Services Group Inc. Reduces Stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

PNC Financial Services Group Inc. decreased its stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 0.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 436,235 shares of the company’s stock after selling 3,231 shares during the period. PNC Financial Services Group Inc. owned 1.91% of Global X Lithium & Battery Tech ETF worth $16,926,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LIT. Ameriflex Group Inc. bought a new position in Global X Lithium & Battery Tech ETF in the 4th quarter worth about $28,000. NBC Securities Inc. increased its stake in Global X Lithium & Battery Tech ETF by 89,600.0% in the 1st quarter. NBC Securities Inc. now owns 897 shares of the company’s stock worth $34,000 after acquiring an additional 896 shares during the last quarter. Barclays PLC increased its stake in Global X Lithium & Battery Tech ETF by 28.1% in the 4th quarter. Barclays PLC now owns 2,654 shares of the company’s stock worth $108,000 after acquiring an additional 582 shares during the last quarter. HBW Advisory Services LLC bought a new position in Global X Lithium & Battery Tech ETF in the 1st quarter worth about $139,000. Finally, MFA Wealth Advisors LLC bought a new position in Global X Lithium & Battery Tech ETF in the 1st quarter worth about $211,000.

Global X Lithium & Battery Tech ETF Stock Up 1.7%

Shares of NYSEARCA LIT opened at $41.49 on Tuesday. The firm has a market capitalization of $934.98 million, a P/E ratio of 21.25 and a beta of 1.18. The stock’s 50-day simple moving average is $39.13 and its two-hundred day simple moving average is $39.09. Global X Lithium & Battery Tech ETF has a twelve month low of $31.44 and a twelve month high of $49.12.

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.