iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Shares Up 1.4% – Still a Buy?

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) shot up 1.4% during trading on Thursday . The stock traded as high as $22.96 and last traded at $22.92. 78 shares traded hands during trading, a decline of 90% from the average session volume of 808 shares. The stock had previously closed at $22.61.

iShares Energy Storage & Materials ETF Price Performance

The firm has a 50-day moving average of $21.43 and a 200 day moving average of $21.59. The stock has a market capitalization of $6.42 million, a price-to-earnings ratio of 18.48 and a beta of 1.08.

iShares Energy Storage & Materials ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were given a dividend of $0.2086 per share. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from iShares Energy Storage & Materials ETF’s previous dividend of $0.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned about 2.90% of iShares Energy Storage & Materials ETF as of its most recent SEC filing.

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.