Baker Avenue Asset Management LP Invests $3.79 Million in Global X Lithium & Battery Tech ETF $LIT

Baker Avenue Asset Management LP bought a new position in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,482 shares of the company’s stock, valued at approximately $3,793,000. Baker Avenue Asset Management LP owned about 0.25% of Global X Lithium & Battery Tech ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Global X Lithium & Battery Tech ETF by 47.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,523 shares of the company’s stock worth $481,000 after buying an additional 4,005 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Global X Lithium & Battery Tech ETF in the second quarter valued at approximately $240,000. Betterment LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the second quarter worth approximately $206,000. Ameriprise Financial Inc. lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 10.8% during the second quarter. Ameriprise Financial Inc. now owns 39,540 shares of the company’s stock worth $1,492,000 after purchasing an additional 3,839 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in Global X Lithium & Battery Tech ETF in the 3rd quarter valued at $607,000.

Global X Lithium & Battery Tech ETF Stock Up 2.3%

Shares of NYSEARCA:LIT opened at $87.50 on Friday. Global X Lithium & Battery Tech ETF has a fifty-two week low of $35.62 and a fifty-two week high of $91.98. The firm’s 50-day simple moving average is $80.72 and its 200-day simple moving average is $72.70. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 21.25 and a beta of 1.03.

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. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index.