Axxcess Wealth Management LLC Lowers Holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Axxcess Wealth Management LLC trimmed its holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,198 shares of the company’s stock after selling 421 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LIT. SG Americas Securities LLC boosted its holdings in Global X Lithium & Battery Tech ETF by 20.6% in the first quarter. SG Americas Securities LLC now owns 19,349 shares of the company’s stock valued at $876,000 after purchasing an additional 3,307 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Global X Lithium & Battery Tech ETF by 11.9% in the first quarter. Oppenheimer & Co. Inc. now owns 12,525 shares of the company’s stock worth $567,000 after acquiring an additional 1,328 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Global X Lithium & Battery Tech ETF by 4.5% in the first quarter. Avantax Advisory Services Inc. now owns 9,962 shares of the company’s stock worth $451,000 after acquiring an additional 425 shares during the period. Cetera Investment Advisers raised its position in shares of Global X Lithium & Battery Tech ETF by 204.9% in the first quarter. Cetera Investment Advisers now owns 119,201 shares of the company’s stock worth $5,399,000 after acquiring an additional 80,106 shares during the period. Finally, CX Institutional raised its position in shares of Global X Lithium & Battery Tech ETF by 3.2% in the second quarter. CX Institutional now owns 145,805 shares of the company’s stock worth $5,659,000 after acquiring an additional 4,525 shares during the period.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of Global X Lithium & Battery Tech ETF stock opened at $44.73 on Friday. The firm has a 50-day simple moving average of $42.10 and a two-hundred day simple moving average of $41.18. The company has a market cap of $1.59 billion, a P/E ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a fifty-two week low of $34.65 and a fifty-two week high of $52.23.

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.