Shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT – Get Free Report) shot up 0.6% on Tuesday. The company traded as high as $40.54 and last traded at $40.37. Approximately 8,904 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 34,244 shares. The stock had previously closed at $40.12.
iShares Energy Storage & Materials ETF Price Performance
The firm has a 50-day simple moving average of $40.13 and a 200-day simple moving average of $40.73. The firm has a market capitalization of $62.98 million, a PE ratio of 18.48 and a beta of 1.58.
Institutional Trading of iShares Energy Storage & Materials ETF
Several large investors have recently added to or reduced their stakes in IBAT. CoreCap Advisors LLC raised its position in iShares Energy Storage & Materials ETF by 204.9% in the second quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock worth $56,000 after acquiring an additional 832 shares during the period. CX Institutional purchased a new stake in shares of iShares Energy Storage & Materials ETF in the 2nd quarter worth $80,000. Glassman Wealth Services purchased a new stake in shares of iShares Energy Storage & Materials ETF in the 1st quarter worth $154,000. 4WEALTH Advisors Inc. bought a new position in iShares Energy Storage & Materials ETF in the 1st quarter worth $218,000. Finally, Sanctuary Advisors LLC bought a new position in iShares Energy Storage & Materials ETF in the 1st quarter worth $230,000.
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.
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