Shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT – Get Free Report) dropped 0.5% during trading on Monday . The stock traded as low as $32.85 and last traded at $32.99. Approximately 10,033 shares changed hands during trading, a decline of 60% from the average daily volume of 25,131 shares. The stock had previously closed at $33.16.
iShares Energy Storage & Materials ETF Stock Performance
The stock has a market cap of $29.03 million, a price-to-earnings ratio of 18.48 and a beta of 0.99. The company’s 50 day simple moving average is $33.70 and its two-hundred day simple moving average is $31.14.
Institutional Trading of iShares Energy Storage & Materials ETF
Institutional investors have recently bought and sold shares of the company. Guardian Capital LP purchased a new position in iShares Energy Storage & Materials ETF in the third quarter valued at about $1,663,000. Midwest Financial Partners Investments Inc. acquired a new position in iShares Energy Storage & Materials ETF in the 4th quarter worth about $1,519,000. Citadel Advisors LLC purchased a new stake in shares of iShares Energy Storage & Materials ETF during the 3rd quarter worth about $644,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares Energy Storage & Materials ETF during the 2nd quarter worth about $252,000.
About iShares Energy Storage & Materials ETF
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.
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