Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its position in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 78.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,086 shares of the company’s stock after purchasing an additional 4,888 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $452,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LIT. CX Institutional boosted its stake in Global X Lithium & Battery Tech ETF by 9.1% during the fourth quarter. CX Institutional now owns 129,876 shares of the company’s stock valued at $5,296,000 after buying an additional 10,819 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Global X Lithium & Battery Tech ETF during the 4th quarter valued at about $2,453,000. Grimes & Company Inc. acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth approximately $2,448,000. Arrowroot Family Office LLC raised its holdings in shares of Global X Lithium & Battery Tech ETF by 67.7% in the 3rd quarter. Arrowroot Family Office LLC now owns 21,730 shares of the company’s stock worth $947,000 after purchasing an additional 8,770 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Global X Lithium & Battery Tech ETF during the fourth quarter valued at approximately $736,000.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of NYSEARCA:LIT opened at $40.40 on Friday. The stock has a market capitalization of $965.16 million, a price-to-earnings ratio of 26.06 and a beta of 1.18. Global X Lithium & Battery Tech ETF has a 1-year low of $34.65 and a 1-year high of $49.12. The company has a 50 day moving average price of $41.23 and a 200 day moving average price of $42.03.

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.