iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Shares Down 0.7% – Time to Sell?

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) were down 0.7% during mid-day trading on Thursday . The stock traded as low as $16.75 and last traded at $17.04. Approximately 16,702 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 53,673 shares. The stock had previously closed at $17.16.

iShares Lithium Miners and Producers ETF Stock Performance

The firm has a market capitalization of $22.15 million, a P/E ratio of 1.98 and a beta of 1.21. The firm has a 50 day moving average price of $16.91 and a two-hundred day moving average price of $13.97.

iShares Lithium Miners and Producers ETF Dividend Announcement

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

Institutional Trading of iShares Lithium Miners and Producers ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC purchased a new stake in iShares Lithium Miners and Producers ETF during the fourth quarter valued at about $77,000. Smartleaf Asset Management LLC purchased a new position in shares of iShares Lithium Miners and Producers ETF in the fourth quarter worth approximately $29,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares Lithium Miners and Producers ETF by 252.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $28,000 after acquiring an additional 1,300 shares during the period.

iShares Lithium Miners and Producers ETF Company Profile

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.