Mercer Global Advisors Inc. ADV Trims Position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Mercer Global Advisors Inc. ADV trimmed its holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 6.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,424 shares of the company’s stock after selling 690 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Global X Lithium & Battery Tech ETF were worth $366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE raised its holdings in Global X Lithium & Battery Tech ETF by 2.5% during the fourth quarter. US Bancorp DE now owns 14,114 shares of the company’s stock worth $719,000 after purchasing an additional 341 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Global X Lithium & Battery Tech ETF by 4.5% during the first quarter. Avantax Advisory Services Inc. now owns 9,962 shares of the company’s stock worth $451,000 after purchasing an additional 425 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Global X Lithium & Battery Tech ETF by 28.6% during the first quarter. Sunbelt Securities Inc. now owns 2,652 shares of the company’s stock worth $120,000 after purchasing an additional 590 shares in the last quarter. Private Advisor Group LLC raised its holdings in Global X Lithium & Battery Tech ETF by 0.7% during the second quarter. Private Advisor Group LLC now owns 91,685 shares of the company’s stock worth $3,558,000 after purchasing an additional 649 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Global X Lithium & Battery Tech ETF during the first quarter worth about $32,000.

Global X Lithium & Battery Tech ETF Trading Up 3.4 %

Shares of LIT opened at $42.51 on Monday. The firm’s 50-day moving average is $37.40 and its two-hundred day moving average is $41.24. Global X Lithium & Battery Tech ETF has a twelve month low of $34.65 and a twelve month high of $55.98. The firm has a market capitalization of $1.51 billion, a P/E 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.