iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Shares Up 1.3% – Still a Buy?

Shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) shot up 1.3% during trading on Wednesday . The company traded as high as $33.26 and last traded at $33.23. 21,280 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 42,516 shares. The stock had previously closed at $32.79.

iShares Energy Storage & Materials ETF Trading Up 1.3%

The company has a fifty day moving average price of $30.11 and a two-hundred day moving average price of $28.28. The firm has a market capitalization of $25.25 million, a price-to-earnings ratio of 18.48 and a beta of 0.99.

iShares Energy Storage & Materials ETF Dividend Announcement

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

Institutional Trading of iShares Energy Storage & Materials ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of iShares Energy Storage & Materials ETF during the 3rd quarter worth $644,000. Guardian Capital LP acquired a new stake in iShares Energy Storage & Materials ETF during the third quarter worth about $1,663,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares Energy Storage & Materials ETF during the second quarter worth about $252,000.

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. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.