Avantax Advisory Services Inc. Reduces Holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Avantax Advisory Services Inc. lowered its position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 17.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,117 shares of the company’s stock after selling 1,934 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Global X Lithium & Battery Tech ETF were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LIT. BNP Paribas purchased a new position in shares of Global X Lithium & Battery Tech ETF during the 3rd quarter valued at approximately $44,000. Arrowroot Family Office LLC boosted its stake in Global X Lithium & Battery Tech ETF by 67.7% during the 3rd quarter. Arrowroot Family Office LLC now owns 21,730 shares of the company’s stock valued at $947,000 after acquiring an additional 8,770 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Global X Lithium & Battery Tech ETF during the 3rd quarter worth $108,000. Barclays PLC increased its position in shares of Global X Lithium & Battery Tech ETF by 219.8% in the 3rd quarter. Barclays PLC now owns 2,072 shares of the company’s stock worth $90,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Global X Lithium & Battery Tech ETF by 26.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,486 shares of the company’s stock valued at $152,000 after purchasing an additional 734 shares in the last quarter.

Global X Lithium & Battery Tech ETF Stock Performance

NYSEARCA:LIT opened at $40.80 on Tuesday. The company has a market capitalization of $974.71 million, a price-to-earnings ratio of 26.06 and a beta of 1.18. Global X Lithium & Battery Tech ETF has a one year low of $34.65 and a one year high of $49.12. The stock has a 50-day simple moving average of $41.23 and a 200 day simple moving average of $42.13.

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.