Truist Financial Corp Lowers Holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Truist Financial Corp decreased its stake in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 51.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,638 shares of the company’s stock after selling 11,164 shares during the quarter. Truist Financial Corp’s holdings in Global X Lithium & Battery Tech ETF were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Grimes & Company Inc. purchased a new position in Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $2,448,000. Strategic Financial Concepts LLC purchased a new position in Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $736,000. Hansen & Associates Financial Group Inc. purchased a new position in Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $599,000. Pines Wealth Management LLC purchased a new position in Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $543,000. Finally, CX Institutional boosted its position in Global X Lithium & Battery Tech ETF by 9.1% during the fourth quarter. CX Institutional now owns 129,876 shares of the company’s stock worth $5,296,000 after purchasing an additional 10,819 shares in the last quarter.

Global X Lithium & Battery Tech ETF Trading Down 0.4 %

Shares of LIT stock opened at $40.57 on Tuesday. The company has a market capitalization of $1.00 billion, a P/E ratio of 24.56 and a beta of 1.14. The business’s 50 day moving average is $41.37 and its two-hundred day moving average is $41.75. Global X Lithium & Battery Tech ETF has a 12-month low of $34.65 and a 12-month high of $49.12.

Global X Lithium & Battery Tech ETF Company 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.