Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Stock Price Down 2.5% – Here’s What Happened

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)’s stock price dropped 2.5% on Friday . The company traded as low as $44.00 and last traded at $44.59. Approximately 43,028 shares changed hands during trading, a decline of 90% from the average daily volume of 426,559 shares. The stock had previously closed at $45.74.

Global X Lithium & Battery Tech ETF Stock Down 1.6 %

The firm’s fifty day moving average price is $38.65 and its 200-day moving average price is $41.26. The stock has a market cap of $1.60 billion, a P/E ratio of 9.79 and a beta of 1.31.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

A number of large investors have recently made changes to their positions in the business. Whitcomb & Hess Inc. purchased a new position in shares of Global X Lithium & Battery Tech ETF during the first quarter valued at about $7,634,000. Cetera Investment Advisers boosted its position in shares of Global X Lithium & Battery Tech ETF by 204.9% during the first quarter. Cetera Investment Advisers now owns 119,201 shares of the company’s stock valued at $5,399,000 after purchasing an additional 80,106 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Global X Lithium & Battery Tech ETF by 77.7% in the first quarter. BNP Paribas Financial Markets now owns 71,325 shares of the company’s stock worth $3,230,000 after purchasing an additional 31,176 shares during the period. Canal Insurance CO raised its holdings in Global X Lithium & Battery Tech ETF by 90.6% in the second quarter. Canal Insurance CO now owns 63,100 shares of the company’s stock worth $2,449,000 after purchasing an additional 30,000 shares in the last quarter. Finally, MB Generational Wealth LLC bought a new position in Global X Lithium & Battery Tech ETF in the first quarter worth $867,000.

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.