Grimes & Company Inc. Buys Shares of 60,026 Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Grimes & Company Inc. bought a new position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 60,026 shares of the company’s stock, valued at approximately $2,448,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its position in Global X Lithium & Battery Tech ETF by 254.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 84,765 shares of the company’s stock worth $3,603,000 after purchasing an additional 60,835 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Global X Lithium & Battery Tech ETF in the 2nd quarter worth $587,000. Pines Wealth Management LLC acquired a new position in Global X Lithium & Battery Tech ETF during the 4th quarter worth $543,000. CX Institutional boosted its holdings 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 acquiring an additional 10,819 shares during the period. Finally, Arrowroot Family Office LLC grew its position in shares of Global X Lithium & Battery Tech ETF by 67.7% in the third quarter. Arrowroot Family Office LLC now owns 21,730 shares of the company’s stock valued at $947,000 after purchasing an additional 8,770 shares during the last quarter.

Global X Lithium & Battery Tech ETF Stock Performance

NYSEARCA LIT opened at $41.49 on Friday. The stock has a 50-day simple moving average of $42.79 and a 200 day simple moving average of $41.16. Global X Lithium & Battery Tech ETF has a twelve month low of $34.65 and a twelve month high of $49.12. The stock has a market capitalization of $1.47 billion, a PE ratio of 9.79 and a beta of 1.31.

Global X Lithium & Battery Tech ETF 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.