iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Stock Price Down 2% – Here’s What Happened

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT)’s share price fell 2% during mid-day trading on Wednesday . The company traded as low as $18.30 and last traded at $18.83. 52,076 shares changed hands during trading, a decline of 6% from the average session volume of 55,543 shares. The stock had previously closed at $19.21.

iShares Lithium Miners and Producers ETF Stock Down 2.0%

The firm’s 50 day simple moving average is $16.37 and its 200 day simple moving average is $13.16. The company has a market cap of $21.65 million, a price-to-earnings ratio of 1.98 and a beta of 1.21.

iShares Lithium Miners and Producers ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $0.2988 dividend. This represents a yield of 417.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Lithium Miners and Producers ETF stock. Farther Finance Advisors LLC grew its holdings in shares of iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) by 252.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,815 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Farther Finance Advisors LLC owned approximately 0.16% of iShares Lithium Miners and Producers ETF worth $28,000 at the end of the most recent reporting period.

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. ILIT was launched on Jun 21, 2023 and is managed by BlackRock.