iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Price Down 3.2% – Time to Sell?

iShares Energy Storage & Materials ETF (NASDAQ:IBAT)’s share price dropped 3.2% during mid-day trading on Wednesday . The stock traded as low as $20.96 and last traded at $20.81. Approximately 44 shares traded hands during trading, a decline of 95% from the average daily volume of 800 shares. The stock had previously closed at $21.49.

iShares Energy Storage & Materials ETF Trading Down 3.2%

The stock’s 50-day moving average price is $20.87 and its 200-day moving average price is $21.72. The stock has a market cap of $5.83 million, a price-to-earnings ratio of 19.02 and a beta of 1.08.

iShares Energy Storage & Materials ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 16th will be paid a dividend of $0.2086 per share. The ex-dividend date is Monday, June 16th. This is an increase from iShares Energy Storage & Materials ETF’s previous dividend of $0.12.

Institutional Trading of iShares Energy Storage & Materials ETF

An institutional investor recently bought a new position in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 2.90% of iShares Energy Storage & Materials ETF at the end of the most recent reporting period.

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.