Sprott Lithium Miners ETF (LITP)
| Assets | $5.70M |
| Expense Ratio | 0.65% |
| PE Ratio | 4.39 |
| Shares Out | 610,000 |
| Dividend (ttm) | $0.35 |
| Dividend Yield | 3.80% |
| Ex-Dividend Date | Dec 14, 2023 |
| Payout Ratio | 16.70% |
| 1-Year Return | -42.48% |
| Volume | 3,976 |
| Open | 9.16 |
| Previous Close | 9.22 |
| Day's Range | 9.15 - 9.31 |
| 52-Week Low | 8.54 |
| 52-Week High | 20.25 |
| Beta | 1.48 |
| Holdings | 48 |
| Inception Date | Feb 1, 2023 |
About LITP
Fund Home PageThe Sprott Lithium Miners ETF (LITP) is an exchange-traded fund that is based on the Nasdaq Sprott Lithium Miners index. The fund aims to support the worldwide clean energy transition by tracking an index of global companies in the lithium industry. Securities are selected based on revenue and weighted by market-cap. LITP was launched on Feb 1, 2023 and is issued by Sprott.
Top 10 Holdings
75.41% of assets| Name | Symbol | Weight |
|---|---|---|
| Mineral Resources Ltd | MIN.AX | 12.88% |
| Pilbara Minerals Ltd | PLS.AX | 12.14% |
| Albemarle Corporation | ALB | 11.11% |
| Sociedad Química y Minera de Chile S.A. | SQM | 10.06% |
| IGO Ltd | IGO.AX | 9.74% |
| Ganfeng Lithium Group Co Ltd | 1772.HK | 4.80% |
| Liontown Resources Ltd | LTR.AX | 4.52% |
| Arcadium Lithium plc | ALTM | 3.85% |
| Lithium Americas (Argentina) Corp. | LAAC | 3.64% |
| Sigma Lithium Corp | SGML.V | 2.67% |
News
Grid Storage Batteries Could Charge Up Lithium Demand
Much of the global electrification is focusing on electric vehicles (EVs). However, another catalyst for lithium demand comes from grid-scale storage batteries.
Investing in Copper Miners
Sprott Asset Management launches its copper miners ETF. Steve Schoffstall discusses Sprott Copper Miners ETF as it provides exposure to large, mid, and small-cap copper miners.
As Electric Vehicle Transition Charges Higher, This ETF Tracks Lithium -A Critical Battery Metal - Sprott Lithium Miners ETF (NASDAQ:LITP)
The electric vehicle market is expected to witness exponential growth by 2030, with President Joe Biden's Inflation Reduction Act supporting North American companies that mine critical minerals and me...