Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Stake Cut by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,345 shares of the company’s stock after selling 352 shares during the period. Kestra Private Wealth Services LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LIT. Truist Financial Corp raised its stake in shares of Global X Lithium & Battery Tech ETF by 49.6% during the 4th quarter. Truist Financial Corp now owns 28,468 shares of the company’s stock worth $1,450,000 after purchasing an additional 9,442 shares in the last quarter. TAP Consulting LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the 4th quarter worth about $531,000. Simplex Trading LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the 4th quarter worth about $431,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the 4th quarter worth about $108,000. Finally, CWM LLC raised its stake in shares of Global X Lithium & Battery Tech ETF by 4.6% during the 4th quarter. CWM LLC now owns 12,255 shares of the company’s stock worth $624,000 after purchasing an additional 534 shares in the last quarter.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of NYSEARCA LIT opened at $46.46 on Friday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. The business’s 50-day simple moving average is $44.90 and its 200-day simple moving average is $46.05. Global X Lithium & Battery Tech ETF has a 52 week low of $39.26 and a 52 week high of $69.09.

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.