Janney Montgomery Scott LLC Lowers Holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Janney Montgomery Scott LLC reduced its stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,007 shares of the company’s stock after selling 1,373 shares during the period. Janney Montgomery Scott LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $327,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LIT. Magnus Financial Group LLC raised its holdings in shares of Global X Lithium & Battery Tech ETF by 11.9% in the 3rd quarter. Magnus Financial Group LLC now owns 6,310 shares of the company’s stock worth $275,000 after purchasing an additional 672 shares during the period. Sunbelt Securities Inc. raised its holdings in Global X Lithium & Battery Tech ETF by 26.7% in the third quarter. Sunbelt Securities Inc. now owns 3,486 shares of the company’s stock valued at $152,000 after buying an additional 734 shares during the period. BNP Paribas acquired a new position in Global X Lithium & Battery Tech ETF during the third quarter valued at approximately $44,000. Barclays PLC grew its stake in 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 worth $90,000 after buying an additional 1,424 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Global X Lithium & Battery Tech ETF by 32.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,322 shares of the company’s stock worth $363,000 after acquiring an additional 2,024 shares in the last quarter.

Global X Lithium & Battery Tech ETF Stock Down 1.9 %

NYSEARCA LIT opened at $40.26 on Wednesday. Global X Lithium & Battery Tech ETF has a fifty-two week low of $34.65 and a fifty-two week high of $49.12. The business has a 50 day moving average price of $41.87 and a two-hundred day moving average price of $41.24. The stock has a market cap of $1.43 billion, a PE 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.