Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Reaches New 52-Week Low at $37.84

Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) hit a new 52-week low on Thursday . The company traded as low as $37.84 and last traded at $37.85, with a volume of 124306 shares. The stock had previously closed at $39.17.

Global X Lithium & Battery Tech ETF Stock Down 3.1 %

The stock has a market capitalization of $1.35 billion, a PE ratio of 9.79 and a beta of 1.31. The firm has a 50 day moving average price of $40.97 and a 200-day moving average price of $43.12.

Hedge Funds Weigh In On Global X Lithium & Battery Tech ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new stake in Global X Lithium & Battery Tech ETF during the first quarter worth $32,000. MFA Wealth Advisors LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the 2nd quarter worth about $33,000. Rothschild Investment LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the 2nd quarter valued at about $35,000. U S Global Investors Inc. purchased a new position in shares of Global X Lithium & Battery Tech ETF in the 4th quarter valued at about $36,000. Finally, WFA Asset Management Corp acquired a new position in Global X Lithium & Battery Tech ETF in the 4th quarter worth about $45,000.

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.