Kraft Davis & Associates LLC Has $5.79 Million Stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Kraft Davis & Associates LLC reduced its position in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,369 shares of the company’s stock after selling 3,500 shares during the quarter. Global X Lithium & Battery Tech ETF accounts for 1.7% of Kraft Davis & Associates LLC’s investment portfolio, making the stock its 19th biggest holding. Kraft Davis & Associates LLC owned about 0.38% of Global X Lithium & Battery Tech ETF worth $5,787,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in Global X Lithium & Battery Tech ETF during the second quarter valued at $29,000. MFA Wealth Advisors LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the second quarter worth approximately $33,000. Rothschild Investment LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the second quarter worth approximately $35,000. Fairscale Capital LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the second quarter worth approximately $35,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Global X Lithium & Battery Tech ETF during the third quarter valued at approximately $44,000.

Global X Lithium & Battery Tech ETF Stock Up 2.0 %

LIT stock opened at $45.21 on Wednesday. The company has a 50 day moving average of $42.62 and a two-hundred day moving average of $41.15. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a 12-month low of $34.65 and a 12-month high of $52.23.

Global X Lithium & Battery Tech ETF 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.