Friedenthal Financial Buys New Holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Friedenthal Financial purchased a new position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) during the fourth quarter, HoldingsChannel reports. The fund purchased 2,671 shares of the company’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF in the second quarter worth $29,000. Fairscale Capital LLC bought a new stake in Global X Lithium & Battery Tech ETF in the 2nd quarter valued at $35,000. BNP Paribas purchased a new stake in Global X Lithium & Battery Tech ETF in the 3rd quarter worth $44,000. Future Financial Wealth Managment LLC bought a new position in shares of Global X Lithium & Battery Tech ETF during the 3rd quarter valued at about $44,000. Finally, Barclays PLC grew its position in shares of Global X Lithium & Battery Tech ETF by 219.8% during the third quarter. Barclays PLC now owns 2,072 shares of the company’s stock valued at $90,000 after purchasing an additional 1,424 shares in the last quarter.

Global X Lithium & Battery Tech ETF Stock Up 1.9 %

Global X Lithium & Battery Tech ETF stock traded up $0.76 during midday trading on Monday, reaching $40.53. 346,561 shares of the stock traded hands, compared to its average volume of 347,420. The stock has a market cap of $1.44 billion, a P/E ratio of 9.79 and a beta of 1.31. The stock’s fifty day moving average is $43.48 and its 200-day moving average is $41.05. Global X Lithium & Battery Tech ETF has a 12 month low of $34.65 and a 12 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.