iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Shares Up 0.9% – Here’s What Happened

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) shares traded up 0.9% during trading on Tuesday . The company traded as high as $29.98 and last traded at $29.92. 1,002 shares were traded during mid-day trading, a decline of 63% from the average session volume of 2,710 shares. The stock had previously closed at $29.66.

iShares Energy Storage & Materials ETF Stock Up 0.9%

The firm has a 50-day moving average of $30.02 and a two-hundred day moving average of $25.82. The company has a market capitalization of $10.77 million, a PE ratio of 18.48 and a beta of 0.99.

Institutional Trading of iShares Energy Storage & Materials ETF

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