iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Price Up 0.6% – Time to Buy?

iShares Energy Storage & Materials ETF (NASDAQ:IBAT)’s share price shot up 0.6% during mid-day trading on Friday . The stock traded as high as $38.83 and last traded at $38.08. 24,341 shares traded hands during trading, a decline of 36% from the average daily volume of 38,236 shares. The stock had previously closed at $37.87.

iShares Energy Storage & Materials ETF Stock Up 0.6%

The stock has a fifty day simple moving average of $42.86 and a 200-day simple moving average of $38.58. The company has a market capitalization of $68.54 million, a P/E ratio of 18.48 and a beta of 1.49.

iShares Energy Storage & Materials ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.1833 per share. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares Energy Storage & Materials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its stake in iShares Energy Storage & Materials ETF by 204.9% during the second quarter. CoreCap Advisors LLC now owns 1,238 shares of the company’s stock worth $56,000 after buying an additional 832 shares during the last quarter. CX Institutional bought a new position in shares of iShares Energy Storage & Materials ETF in the second quarter valued at approximately $80,000. Glassman Wealth Services bought a new position in shares of iShares Energy Storage & Materials ETF in the first quarter valued at approximately $154,000. 4WEALTH Advisors Inc. acquired a new position in shares of iShares Energy Storage & Materials ETF in the 1st quarter worth approximately $218,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of iShares Energy Storage & Materials ETF in the 1st quarter worth approximately $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.