Northwestern Mutual Wealth Management Co. Buys 3,364 Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Northwestern Mutual Wealth Management Co. increased its stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,562 shares of the company’s stock after purchasing an additional 3,364 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Global X Lithium & Battery Tech ETF were worth $2,234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Belpointe Asset Management LLC acquired a new stake in Global X Lithium & Battery Tech ETF in the fourth quarter worth about $227,000. LM Advisors LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $493,000. Clarity Capital Partners LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $364,000. Napa Wealth Management acquired a new position in Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $238,000. Finally, Scarborough Advisors LLC bought a new position in Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $172,000.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of Global X Lithium & Battery Tech ETF stock opened at $46.15 on Friday. The firm has a fifty day moving average of $37.98 and a two-hundred day moving average of $41.24. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a 52 week low of $34.65 and a 52 week high of $54.88.

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.