iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Trading Up 3% – Here’s What Happened

iShares Energy Storage & Materials ETF (NASDAQ:IBAT) shares traded up 3% on Wednesday . The stock traded as high as $41.64 and last traded at $41.64. 72,456 shares were traded during trading, an increase of 175% from the average session volume of 26,393 shares. The stock had previously closed at $40.44.

iShares Energy Storage & Materials ETF Price Performance

The company has a market cap of $48.08 million, a P/E ratio of 18.48 and a beta of 1.00. The company’s 50-day moving average is $35.38 and its two-hundred day moving average is $32.31.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBAT. Guardian Capital LP bought a new stake in shares of iShares Energy Storage & Materials ETF during the third quarter valued at approximately $1,663,000. Midwest Financial Partners Investments Inc. bought a new stake in shares of iShares Energy Storage & Materials ETF during the fourth quarter valued at approximately $1,519,000. Citadel Advisors LLC bought a new stake in shares of iShares Energy Storage & Materials ETF during the third quarter valued at approximately $644,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares Energy Storage & Materials ETF during the second quarter valued at approximately $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.