Herbst Group LLC Sells 567 Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Herbst Group LLC trimmed its holdings in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 2.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 27,325 shares of the company’s stock after selling 567 shares during the quarter. Herbst Group LLC’s holdings in Global X Lithium & Battery Tech ETF were worth $1,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Milestone Investment Advisors LLC bought a new position in shares of Global X Lithium & Battery Tech ETF during the 4th quarter worth approximately $26,000. Ameliora Wealth Management Ltd. bought a new position in shares of Global X Lithium & Battery Tech ETF in the 2nd quarter worth $38,000. Resurgent Financial Advisors LLC bought a new position in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth $43,000. Fifth Third Bancorp lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 44.9% in the 1st quarter. Fifth Third Bancorp now owns 736 shares of the company’s stock worth $47,000 after purchasing an additional 228 shares in the last quarter. Finally, Pacifica Partners Inc. lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 32.8% in the 1st quarter. Pacifica Partners Inc. now owns 810 shares of the company’s stock worth $49,000 after purchasing an additional 200 shares in the last quarter.

Global X Lithium & Battery Tech ETF Trading Down 1.2 %

Shares of LIT traded down $0.69 during trading hours on Tuesday, reaching $56.89. The stock had a trading volume of 67,003 shares, compared to its average volume of 425,835. Global X Lithium & Battery Tech ETF has a 12 month low of $56.15 and a 12 month high of $74.98. The firm has a 50-day simple moving average of $61.62 and a 200 day simple moving average of $62.14. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 18.04 and a beta of 1.18.

Global X Lithium & Battery Tech ETF Company 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.