MML Investors Services LLC Decreases Position in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

MML Investors Services LLC lessened its holdings in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,851 shares of the company’s stock after selling 5,523 shares during the quarter. MML Investors Services LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $3,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Whitcomb & Hess Inc. lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 4.8% during the 3rd quarter. Whitcomb & Hess Inc. now owns 185,942 shares of the company’s stock valued at $8,105,000 after purchasing an additional 8,441 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 0.7% during the 2nd quarter. Private Advisor Group LLC now owns 91,685 shares of the company’s stock valued at $3,558,000 after purchasing an additional 649 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 254.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 84,765 shares of the company’s stock valued at $3,603,000 after purchasing an additional 60,835 shares during the last quarter. Canal Insurance CO lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 90.6% during the 2nd quarter. Canal Insurance CO now owns 63,100 shares of the company’s stock valued at $2,449,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 6.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 57,562 shares of the company’s stock valued at $2,234,000 after purchasing an additional 3,364 shares during the last quarter.

Global X Lithium & Battery Tech ETF Price Performance

Shares of LIT stock opened at $43.76 on Friday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. The business has a fifty day moving average of $44.43 and a 200 day moving average of $41.10. Global X Lithium & Battery Tech ETF has a 1 year low of $34.65 and a 1 year high of $52.23.

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.