iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Price Down 0.5% – Here’s What Happened

Shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) fell 0.5% during mid-day trading on Monday . The company traded as low as $32.85 and last traded at $32.99. 10,033 shares changed hands during trading, a decline of 60% from the average session volume of 25,131 shares. The stock had previously closed at $33.16.

iShares Energy Storage & Materials ETF Trading Down 0.5%

The company’s 50-day moving average is $33.70 and its 200 day moving average is $31.14. The firm has a market cap of $29.03 million, a PE ratio of 18.48 and a beta of 0.99.

Institutional Trading of iShares Energy Storage & Materials ETF

Hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC acquired a new stake in shares of iShares Energy Storage & Materials ETF in the second quarter worth $252,000. Citadel Advisors LLC purchased a new stake in iShares Energy Storage & Materials ETF in the 3rd quarter worth about $644,000. Midwest Financial Partners Investments Inc. acquired a new stake in iShares Energy Storage & Materials ETF during the 4th quarter worth about $1,519,000. Finally, Guardian Capital LP purchased a new position in iShares Energy Storage & Materials ETF during the 3rd quarter valued at about $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. IBAT was launched on Mar 19, 2024 and is issued by BlackRock.