iShares Transition-Enabling Metals ETF (NASDAQ:TMET) Stock Price Down 3.1% – What’s Next?

iShares Transition-Enabling Metals ETF (NASDAQ:TMET)’s share price were down 3.1% on Monday . The company traded as low as $29.79 and last traded at $30.46. Approximately 11,124 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 8,430 shares. The stock had previously closed at $31.42.

iShares Transition-Enabling Metals ETF Stock Down 3.1%

The firm’s 50-day simple moving average is $30.36 and its 200-day simple moving average is $27.65.

iShares Transition-Enabling Metals ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $4.2023 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 1,592.0%.

Institutional Trading of iShares Transition-Enabling Metals ETF

A hedge fund recently raised its stake in iShares Transition-Enabling Metals ETF stock. Susquehanna International Group LLP lifted its position in shares of iShares Transition-Enabling Metals ETF (NASDAQ:TMET) by 38.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,453 shares of the company’s stock after purchasing an additional 3,753 shares during the quarter. Susquehanna International Group LLP owned approximately 3.36% of iShares Transition-Enabling Metals ETF worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

iShares Transition-Enabling Metals ETF Company Profile

The iShares Transition-Enabling Metals ETF (TMET) is an exchange-traded fund that is based on the ICE Clean Energy Transition Metals index. The fund tracks an index that measures the performance of a basket of exchange-traded metals futures contracts. The metals selected are those considered essential to clean energy technologies in supporting the transition to a low-carbon economy. TMET was launched on Sep 26, 2023 and is issued by BlackRock.