Founders Capital Management Lowers Stock Holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Founders Capital Management lessened its position in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,527 shares of the company’s stock after selling 820 shares during the period. Founders Capital Management’s holdings in Global X Lithium & Battery Tech ETF were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Global X Lithium & Battery Tech ETF during the 2nd quarter valued at about $29,000. Fairscale Capital LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF in the second quarter valued at about $35,000. BNP Paribas bought a new stake in shares of Global X Lithium & Battery Tech ETF in the third quarter worth about $44,000. Future Financial Wealth Managment LLC purchased a new stake in Global X Lithium & Battery Tech ETF in the 3rd quarter worth approximately $44,000. Finally, Barclays PLC increased its stake in shares of Global X Lithium & Battery Tech ETF by 219.8% during the third quarter. Barclays PLC now owns 2,072 shares of the company’s stock valued at $90,000 after buying an additional 1,424 shares during the period.

Global X Lithium & Battery Tech ETF Trading Up 0.9 %

NYSEARCA LIT traded up $0.37 during trading on Monday, hitting $40.14. The company had a trading volume of 194,670 shares, compared to its average volume of 334,692. The company’s fifty day moving average is $43.48 and its 200-day moving average is $41.05. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a one year low of $34.65 and a one year high of $49.12.

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.