HighTower Advisors LLC Sells 3,625 Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

HighTower Advisors LLC cut its holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 17.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,233 shares of the company’s stock after selling 3,625 shares during the quarter. HighTower Advisors LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $703,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new position in Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $31,000. Realta Investment Advisors grew its holdings in Global X Lithium & Battery Tech ETF by 3,156.7% during the 4th quarter. Realta Investment Advisors now owns 977 shares of the company’s stock worth $40,000 after acquiring an additional 947 shares during the period. Rothschild Investment LLC raised its position in shares of Global X Lithium & Battery Tech ETF by 50.4% during the 4th quarter. Rothschild Investment LLC now owns 1,342 shares of the company’s stock valued at $55,000 after acquiring an additional 450 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Global X Lithium & Battery Tech ETF during the 4th quarter valued at $57,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF during the 4th quarter worth about $66,000.

Global X Lithium & Battery Tech ETF Stock Down 2.2 %

Shares of NYSEARCA LIT opened at $39.37 on Friday. Global X Lithium & Battery Tech ETF has a twelve month low of $34.65 and a twelve month high of $49.12. The company’s fifty day moving average is $41.11 and its 200-day moving average is $42.17. The stock has a market cap of $940.55 million, a price-to-earnings ratio of 26.06 and a beta of 1.18.

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.