Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sets New 12-Month High – What’s Next?

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) hit a new 52-week high during trading on Tuesday . The company traded as high as $68.00 and last traded at $69.4050, with a volume of 2554 shares changing hands. The stock had previously closed at $67.41.

Global X Lithium & Battery Tech ETF Trading Up 2.9%

The company has a fifty day moving average of $63.39 and a two-hundred day moving average of $53.29. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. raised its holdings in 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 worth $38,000 after acquiring an additional 337 shares during the period. Kilter Group LLC bought a new stake in Global X Lithium & Battery Tech ETF during the 2nd quarter valued at approximately $26,000. Total Investment Management Inc. acquired a new stake in Global X Lithium & Battery Tech ETF in the 2nd quarter valued at approximately $33,000. Private Trust Co. NA acquired a new position in shares of Global X Lithium & Battery Tech ETF during the third quarter worth approximately $52,000. Finally, Global Retirement Partners LLC boosted its position 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 acquiring an additional 1,018 shares during the period.

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.