Destination Wealth Management Sells 404 Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Destination Wealth Management reduced its stake in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) by 4.7% during the 4th quarter, HoldingsChannel reports. The fund owned 8,180 shares of the company’s stock after selling 404 shares during the period. Destination Wealth Management’s holdings in Global X Lithium & Battery Tech ETF were worth $334,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $31,000. Realta Investment Advisors increased its stake in Global X Lithium & Battery Tech ETF by 3,156.7% during the fourth quarter. Realta Investment Advisors now owns 977 shares of the company’s stock worth $40,000 after acquiring an additional 947 shares during the last quarter. BNP Paribas bought a new stake in Global X Lithium & Battery Tech ETF during the third quarter worth approximately $44,000. Rothschild Investment LLC increased its stake in Global X Lithium & Battery Tech ETF by 50.4% during the fourth quarter. Rothschild Investment LLC now owns 1,342 shares of the company’s stock worth $55,000 after acquiring an additional 450 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Global X Lithium & Battery Tech ETF during the fourth quarter worth approximately $57,000.

Global X Lithium & Battery Tech ETF Stock Performance

LIT opened at $40.75 on Friday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 24.56 and a beta of 1.14. The stock’s 50 day moving average price is $41.23 and its 200-day moving average price is $41.80. Global X Lithium & Battery Tech ETF has a one year low of $34.65 and a one year high of $49.12.

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.