Written by Cláudio Afonso | LinkedIn | X
The Autonomous & Electric Vehicles ETF from Global X filed a new SEC form on Wednesday disclosing that sold 293,138 shares in the electric vehicle (EV) maker Lucid Motors.
After reducing its position during the second quarter, the ETF holds now 1,799,147 shares. Based on the latest closing price of Lucid’s stock at $3.52 per share, the position is valued at $6.33 million.
The ETF first added Lucid shares on October 2022, with an initial holding of 499,636 shares valued at $7.66 million.
The EV maker completed its merger via a Special Purpose Acquisition Company (SPAC) three years ago — on July 26, 2021 — to list on NASDAQ with an implied valuation of $24 billion.
| File Date | Effective Date | Reported Shares | Shares Chg. | % Chg. | Reported Value |
|---|---|---|---|---|---|
| 2024-07-30 | 2024-05-31 | 1,799,147 | -293,138 | -14.01% | 5.11 Million |
| 2024-04-29 | 2024-02-29 | 2,092,285 | 891,057 | 74.18% | 6.91 Million |
| 2024-01-29 | 2023-11-30 | 1,201,228 | -82,778 | -6.45% | 5.07 Million |
| 2023-10-30 | 2023-08-31 | 1,284,006 | 345,834 | 36.86% | 8.06 Million |
| 2023-07-26 | 2023-05-31 | 938,172 | -58,231 | -5.84% | 7.29 Million |
| 2023-05-01 | 2023-02-28 | 996,403 | 522,966 | 110.46% | 9.10 Million |
| 2023-01-27 | 2022-11-30 | 473,437 | -26,199 | -5.24% | 4.80 Million |
| 2022-10-27 | 2022-08-31 | 499,636 | 499,636 | — | 7.67 Million |
In the previous form, which was filed in late April, the ETF reported the ownership of 2,092,285 shares.
The peak of ownership was recorded on April 29, 2024, with 2,092,285 shares, reflecting a substantial increase from earlier filings.
In other significant filings, on January 27, 2023, the ETF reported 473,437 shares, a 5.24% decrease from the previous report, valued at $4.80 million.
In the first quarter of last year, the ETF increased its holdings in the company by 110.46% after acquiring 522,966 shares.
The value of the holdings saw notable fluctuations, with a peak value reported on October 30, 2023, at $8.06 million with 1,284,006 shares.
As of today, Lucid has 711 institutional shareholders holding a total of 1.65 billion with Saudi Arabia’s Public Investment Fund (PIF) owning about 60% of the EV maker.
Last week, the custody banking giant BNY Mellon filed a new form with the SEC reporting the addition of 581,082 shares in Lucid Motors.
By the end of the second quarter, the fund owned 2,681,982 shares valued at nearly $7 million, after increasing its stake in the US manufacturer by 27.66% during the quarter.
Earlier in the week, the company announced it has entered into a non-binding supply agreement with Graphite One for anode active materials (AAM).
Lucid has just started the pre-production for the company’s second model, the Gravity SUV, at the manufacturing facility in Casa Grande, Arizona.
Scheduled to start production “in late 2024,” the three-row 7-seater SUV will have, as one of its competitors, the R1S from the California-based EV maker Rivian.
Speaking to CarBuzz, Lucid‘s CEO revealed he already tested Rivian’s SUV and said he’s “not worried”.
In the same interview, Rawlinson reiterated the company’s ambition to become a volume manufacturer and reach one million units sold per year. In the second quarter of the year, the company delivered 2,394 vehicles while producing 2,110 units.
On August 5, Lucid will publish its second-quarter financial results and it is expected an update from the management on the annual production guidance.
Written by Cláudio Afonso | LinkedIn | X
