Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Shares Bought by Somerset Group LLC

Somerset Group LLC boosted its position in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 63.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,670 shares of the company’s stock after acquiring an additional 3,770 shares during the period. Somerset Group LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in Global X Lithium & Battery Tech ETF by 4.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,152 shares of the company’s stock worth $229,000 after acquiring an additional 127 shares in the last quarter. Equitable Holdings Inc. grew its holdings in Global X Lithium & Battery Tech ETF by 1.8% during the 1st quarter. Equitable Holdings Inc. now owns 9,270 shares of the company’s stock worth $714,000 after acquiring an additional 162 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Global X Lithium & Battery Tech ETF by 1.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 11,692 shares of the company’s stock worth $743,000 after buying an additional 164 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Global X Lithium & Battery Tech ETF by 4.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 4,291 shares of the company’s stock worth $273,000 after buying an additional 169 shares during the last quarter. Finally, RMR Wealth Builders lifted its position in shares of Global X Lithium & Battery Tech ETF by 1.6% during the 2nd quarter. RMR Wealth Builders now owns 12,589 shares of the company’s stock worth $821,000 after buying an additional 197 shares during the last quarter.

Global X Lithium & Battery Tech ETF Price Performance

Shares of NYSEARCA:LIT traded down $0.50 during trading on Tuesday, hitting $49.57. 94,512 shares of the company were exchanged, compared to its average volume of 435,216. The stock has a market capitalization of $2.51 billion, a P/E ratio of 18.04 and a beta of 1.18. Global X Lithium & Battery Tech ETF has a 12-month low of $46.66 and a 12-month high of $72.77. The firm’s 50 day moving average price is $51.82 and its 200-day moving average price is $58.95.

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.