Pines Wealth Management LLC Buys New Shares in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Pines Wealth Management LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,660 shares of the company’s stock, valued at approximately $543,000.

A number of other hedge funds also recently made changes to their positions in LIT. Whitcomb & Hess Inc. increased its holdings in shares of Global X Lithium & Battery Tech ETF by 4.8% during the 3rd quarter. Whitcomb & Hess Inc. now owns 185,942 shares of the company’s stock worth $8,105,000 after buying an additional 8,441 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Global X Lithium & Battery Tech ETF by 254.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 84,765 shares of the company’s stock valued at $3,603,000 after acquiring an additional 60,835 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Global X Lithium & Battery Tech ETF by 6.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 57,562 shares of the company’s stock worth $2,234,000 after acquiring an additional 3,364 shares during the last quarter. Eagle Strategies LLC raised its holdings in shares of Global X Lithium & Battery Tech ETF by 30.1% in the 3rd quarter. Eagle Strategies LLC now owns 36,862 shares of the company’s stock worth $1,607,000 after purchasing an additional 8,523 shares during the period. Finally, Armor Investment Advisors LLC lifted its stake in shares of Global X Lithium & Battery Tech ETF by 30.0% in the 3rd quarter. Armor Investment Advisors LLC now owns 35,489 shares of the company’s stock valued at $1,547,000 after purchasing an additional 8,182 shares in the last quarter.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of NYSEARCA:LIT opened at $41.17 on Wednesday. The stock has a 50-day simple moving average of $43.33 and a 200-day simple moving average of $41.07. The stock has a market capitalization of $1.46 billion, a P/E ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a 1 year low of $34.65 and a 1 year high of $49.12.

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.