HBW Advisory Services LLC Lowers Stock Position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

HBW Advisory Services LLC decreased its holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 72.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,662 shares of the company’s stock after selling 9,633 shares during the quarter. HBW Advisory Services LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LIT. Mirae Asset Global Investments Co. Ltd. lifted its stake in Global X Lithium & Battery Tech ETF by 75.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 394,520 shares of the company’s stock worth $20,097,000 after acquiring an additional 169,329 shares during the last quarter. Whitcomb & Hess Inc. purchased a new position in Global X Lithium & Battery Tech ETF in the first quarter worth approximately $7,634,000. Cetera Investment Advisers lifted its stake in Global X Lithium & Battery Tech ETF by 204.9% in the first quarter. Cetera Investment Advisers now owns 119,201 shares of the company’s stock worth $5,399,000 after acquiring an additional 80,106 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Global X Lithium & Battery Tech ETF by 77.7% during the first quarter. BNP Paribas Financial Markets now owns 71,325 shares of the company’s stock worth $3,230,000 after purchasing an additional 31,176 shares in the last quarter. Finally, Grimes & Company Inc. acquired a new stake in Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $1,208,000.

Global X Lithium & Battery Tech ETF Stock Performance

LIT stock traded down $0.33 during midday trading on Tuesday, reaching $35.94. 367,114 shares of the company were exchanged, compared to its average volume of 454,207. Global X Lithium & Battery Tech ETF has a 1-year low of $35.16 and a 1-year high of $63.57. The stock’s 50-day simple moving average is $40.55 and its 200 day simple moving average is $42.92. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31.

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.