iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Price Down 0.2% – What’s Next?

Shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $20.45 and last traded at $20.81. Approximately 6 shares changed hands during trading, a decline of 99% from the average daily volume of 893 shares. The stock had previously closed at $20.86.

iShares Energy Storage & Materials ETF Stock Up 1.8 %

The firm has a market capitalization of $5.83 million, a PE ratio of 18.56 and a beta of 1.08. The stock has a 50-day moving average price of $21.16 and a 200 day moving average price of $22.32.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

A hedge fund recently bought a new stake in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. bought a new stake in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,125 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 2.90% of iShares Energy Storage & Materials ETF as of its most recent SEC filing.

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.