Canal Insurance CO Sells 33,100 Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Canal Insurance CO cut its holdings in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 52.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the company’s stock after selling 33,100 shares during the period. Canal Insurance CO owned approximately 0.08% of Global X Lithium & Battery Tech ETF worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LIT. Ashton Thomas Private Wealth LLC purchased a new position in Global X Lithium & Battery Tech ETF during the 2nd quarter worth $29,000. MFA Wealth Advisors LLC bought a new position in shares of Global X Lithium & Battery Tech ETF during the second quarter valued at about $33,000. Rothschild Investment LLC bought a new position in shares of Global X Lithium & Battery Tech ETF during the second quarter valued at about $35,000. Fairscale Capital LLC purchased a new position in Global X Lithium & Battery Tech ETF during the second quarter worth about $35,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Global X Lithium & Battery Tech ETF in the 3rd quarter worth about $44,000.

Global X Lithium & Battery Tech ETF Price Performance

Shares of NYSEARCA:LIT opened at $43.11 on Wednesday. The company has a market capitalization of $1.53 billion, a PE ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a 1 year low of $34.65 and a 1 year high of $52.23. The business has a fifty day moving average price of $41.11 and a two-hundred day moving average price of $41.04.

Global X Lithium & Battery Tech ETF Profile

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.