iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Shares Down 0.6% – Here’s What Happened

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT)’s share price fell 0.6% during trading on Tuesday . The company traded as low as $8.93 and last traded at $9.02. 7,622 shares were traded during mid-day trading, an increase of 6% from the average session volume of 7,210 shares. The stock had previously closed at $9.08.

iShares Lithium Miners and Producers ETF Stock Performance

The stock has a fifty day moving average of $9.23 and a 200 day moving average of $10.07. The company has a market capitalization of $4.06 million, a P/E ratio of 1.98 and a beta of 1.33.

iShares Lithium Miners and Producers ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.4958 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares Lithium Miners and Producers ETF

An institutional investor recently bought a new position in iShares Lithium Miners and Producers ETF stock. Jane Street Group LLC purchased a new position in iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,086 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned approximately 7.57% of iShares Lithium Miners and Producers ETF as of its most recent filing with the Securities and Exchange Commission.

About iShares Lithium Miners and Producers ETF

The iShares Lithium Miners and Producers ETF (ILIT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is passively managed, providing exposure to the lithium industry by investing in stocks of lithium miners and compound manufacturers from all around the world.