Ipsen Advisor Group LLC Invests $1.42 Million in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Ipsen Advisor Group LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) during the fourth quarter, Holdings Channel reports. The fund bought 34,697 shares of the company’s stock, valued at approximately $1,415,000. Global X Lithium & Battery Tech ETF makes up approximately 1.2% of Ipsen Advisor Group LLC’s portfolio, making the stock its 21st largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Simplex Trading LLC lifted its stake in Global X Lithium & Battery Tech ETF by 7,916.9% in the 4th quarter. Simplex Trading LLC now owns 15,152 shares of the company’s stock valued at $617,000 after buying an additional 14,963 shares in the last quarter. Halter Ferguson Financial Inc. boosted its stake in shares of Global X Lithium & Battery Tech ETF by 5.1% in the fourth quarter. Halter Ferguson Financial Inc. now owns 105,550 shares of the company’s stock worth $4,304,000 after acquiring an additional 5,120 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of Global X Lithium & Battery Tech ETF by 78.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 11,086 shares of the company’s stock worth $452,000 after purchasing an additional 4,888 shares in the last quarter. Independent Advisor Alliance acquired a new position in Global X Lithium & Battery Tech ETF in the 4th quarter valued at $541,000. Finally, Raymond James Financial Inc. purchased a new position in Global X Lithium & Battery Tech ETF in the 4th quarter valued at $2,453,000.

Global X Lithium & Battery Tech ETF Stock Down 0.4 %

Shares of LIT opened at $40.65 on Wednesday. The firm’s fifty day moving average is $41.22 and its two-hundred day moving average is $42.17. The stock has a market cap of $971.13 million, a PE ratio of 26.06 and a beta of 1.18. Global X Lithium & Battery Tech ETF has a 52-week low of $34.65 and a 52-week 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.