Sprott Lithium Miners ETF (NASDAQ:LITP) Trading 0.6% Higher – Still a Buy?

Sprott Lithium Miners ETF (NASDAQ:LITP)’s share price shot up 0.6% on Wednesday . The stock traded as high as $6.43 and last traded at $6.33. 1,169,766 shares traded hands during trading, an increase of 2,770% from the average session volume of 40,753 shares. The stock had previously closed at $6.29.

Sprott Lithium Miners ETF Stock Performance

The firm has a 50-day moving average price of $6.85 and a 200-day moving average price of $7.49. The stock has a market cap of $5.89 million, a P/E ratio of 19.79 and a beta of 2.50.

Sprott Lithium Miners ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were given a dividend of $0.4378 per share. The ex-dividend date was Thursday, December 12th.

Institutional Trading of Sprott Lithium Miners ETF

An institutional investor recently raised its position in Sprott Lithium Miners ETF stock. Jane Street Group LLC boosted its stake in shares of Sprott Lithium Miners ETF (NASDAQ:LITP) by 378.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,224 shares of the company’s stock after buying an additional 76,111 shares during the quarter. Jane Street Group LLC owned approximately 10.35% of Sprott Lithium Miners ETF worth $643,000 as of its most recent SEC filing.

Sprott Lithium Miners ETF Company Profile

The Sprott Lithium Miners ETF (LITP) is an exchange-traded fund that is based on the Nasdaq Sprott Lithium Miners index. The fund aims to support the worldwide clean energy transition by tracking an index of global companies in the lithium industry. Securities are selected based on revenue and weighted by market-cap.