Indie Asset Partners LLC Buys Shares of 10,390 Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)


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Indie Asset Partners LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,390 shares of the company’s stock, valued at approximately $643,000.

A number of other institutional investors have also recently bought and sold shares of the business. Morgan Stanley boosted its stake in Global X Lithium & Battery Tech ETF by 66.1% during the 3rd quarter. Morgan Stanley now owns 256,780 shares of the company’s stock valued at $10,284,000 after purchasing an additional 102,182 shares during the period. Prudential PLC boosted its stake in Global X Lithium & Battery Tech ETF by 47.8% during the 3rd quarter. Prudential PLC now owns 186,390 shares of the company’s stock valued at $7,465,000 after purchasing an additional 60,290 shares during the period. LPL Financial LLC boosted its stake in Global X Lithium & Battery Tech ETF by 36.4% during the 3rd quarter. LPL Financial LLC now owns 174,993 shares of the company’s stock valued at $7,008,000 after purchasing an additional 46,723 shares during the period. Wells Fargo & Company MN boosted its stake in Global X Lithium & Battery Tech ETF by 33.7% during the 3rd quarter. Wells Fargo & Company MN now owns 82,959 shares of the company’s stock valued at $3,322,000 after purchasing an additional 20,919 shares during the period. Finally, Axel Capital Management LLC acquired a new position in Global X Lithium & Battery Tech ETF during the 4th quarter valued at about $4,612,000.

Separately, Standpoint Research downgraded shares of Global X Lithium & Battery Tech ETF from a “buy” rating to a “hold” rating in a research report on Friday, December 11th.

Shares of LIT stock traded down $2.67 during midday trading on Tuesday, reaching $63.44. 80,866 shares of the company were exchanged, compared to its average volume of 1,731,553. Global X Lithium & Battery Tech ETF has a 12 month low of $17.83 and a 12 month high of $74.83. The company’s 50 day moving average price is $69.70 and its two-hundred day moving average price is $51.71.

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.

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Institutional Ownership by Quarter for Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

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