iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Stock Price Down 3.1% – Here’s Why

iShares Transition-Enabling Metals ETF (NASDAQ:TMETGet Free Report)’s stock price fell 3.1% during mid-day trading on Monday . The company traded as low as $29.79 and last traded at $30.46. 11,124 shares were traded during mid-day trading, an increase of 32% from the average session volume of 8,430 shares. The stock had previously closed at $31.42.

iShares Transition-Enabling Metals ETF Trading Down 3.1%

The stock has a 50-day moving average of $30.36 and a 200 day moving average of $27.65.

iShares Transition-Enabling Metals ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $4.2023 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 1,592.0%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP boosted its stake in shares of iShares Transition-Enabling Metals ETF (NASDAQ:TMETFree Report) by 38.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,453 shares of the company’s stock after acquiring an additional 3,753 shares during the quarter. Susquehanna International Group LLP owned approximately 3.36% of iShares Transition-Enabling Metals ETF worth $359,000 as of its most recent SEC filing.

iShares Transition-Enabling Metals ETF Company Profile

(Get Free Report)

The iShares Transition-Enabling Metals ETF (TMET) is an exchange-traded fund that is based on the ICE Clean Energy Transition Metals index. The fund tracks an index that measures the performance of a basket of exchange-traded metals futures contracts. The metals selected are those considered essential to clean energy technologies in supporting the transition to a low-carbon economy. TMET was launched on Sep 26, 2023 and is issued by BlackRock.

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