iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Trading Down 1.2% – Should You Sell?

Shares of iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) dropped 1.2% on Thursday . The stock traded as low as $12.72 and last traded at $12.75. Approximately 10,654 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 12,496 shares. The stock had previously closed at $12.91.

iShares Lithium Miners and Producers ETF Price Performance

The firm has a market cap of $10.20 million, a PE ratio of 1.98 and a beta of 1.21. The firm has a 50-day simple moving average of $12.11 and a 200 day simple moving average of $9.69.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Lithium Miners and Producers ETF stock. Ameritas Advisory Services LLC bought a new position in iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,625 shares of the company’s stock, valued at approximately $28,000. Ameritas Advisory Services LLC owned approximately 0.81% of iShares Lithium Miners and Producers ETF at the end of the most recent quarter.

About iShares Lithium Miners and Producers ETF

The iShares Lithium Miners and Producers ETF (ILIT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is passively managed, providing exposure to the lithium industry by investing in stocks of lithium miners and compound manufacturers from all around the world.