iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Trading Up 1.3% – Here’s What Happened

Shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) were up 1.3% during trading on Tuesday . The stock traded as high as $31.92 and last traded at $30.24. Approximately 64,071 shares traded hands during trading, an increase of 43% from the average daily volume of 44,690 shares. The stock had previously closed at $29.84.

iShares Energy Storage & Materials ETF Price Performance

The firm’s 50 day simple moving average is $30.08 and its two-hundred day simple moving average is $27.28. The firm has a market capitalization of $10.89 million, a P/E ratio of 18.48 and a beta of 0.99.

iShares Energy Storage & Materials ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.1208 per share. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

Large investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC bought a new position in shares of iShares Energy Storage & Materials ETF in the second quarter worth approximately $252,000. Citadel Advisors LLC bought a new stake in iShares Energy Storage & Materials ETF during the 3rd quarter valued at $644,000. Finally, Guardian Capital LP purchased a new stake in iShares Energy Storage & Materials ETF during the 3rd quarter valued at $1,663,000.

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.