iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Shares Up 1.3% – Time to Buy?

iShares Energy Storage & Materials ETF (NASDAQ:IBAT)’s share price traded up 1.3% on Wednesday . The stock traded as high as $33.26 and last traded at $33.23. 21,280 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 42,516 shares. The stock had previously closed at $32.79.

iShares Energy Storage & Materials ETF Price Performance

The stock has a market capitalization of $25.25 million, a price-to-earnings ratio of 18.48 and a beta of 0.99. The business has a fifty day moving average of $30.11 and a 200 day moving average of $28.28.

iShares Energy Storage & Materials ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $0.1208 dividend. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Trading of iShares Energy Storage & Materials ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new position in iShares Energy Storage & Materials ETF during the second quarter worth about $252,000. Citadel Advisors LLC purchased a new stake in shares of iShares Energy Storage & Materials ETF in the 3rd quarter valued at approximately $644,000. Finally, Guardian Capital LP acquired a new position in shares of iShares Energy Storage & Materials ETF in the 3rd quarter worth approximately $1,663,000.

iShares Energy Storage & Materials ETF Company Profile

The iShares Energy Storage & Materials ETF (IBAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a price-weighted index of companies involved in energy storage solutions around the globe. The fund seeks to provide long-term growth opportunities from companies involved in the transition to a low-carbon economy. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.