iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Price Up 0.6% – Here’s Why

iShares Energy Storage & Materials ETF (NASDAQ:IBAT)’s stock price were up 0.6% on Tuesday. The stock traded as high as $40.54 and last traded at $40.37. 8,904 shares were traded during 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 Stock Performance

The firm has a market cap of $63.37 million, a price-to-earnings ratio of 18.48 and a beta of 1.58. The stock’s 50 day simple moving average is $40.15 and its 200-day simple moving average is $40.78.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

A number of large investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. acquired a new stake in iShares Energy Storage & Materials ETF during the 2nd quarter worth about $4,221,000. Citadel Advisors LLC increased its holdings in shares of iShares Energy Storage & Materials ETF by 5.9% in the second quarter. Citadel Advisors LLC now owns 18,112 shares of the company’s stock valued at $816,000 after purchasing an additional 1,005 shares during the period. CoreCap Advisors LLC raised its stake in shares of 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 purchasing an additional 832 shares during the last quarter. CX Institutional purchased a new position in shares of iShares Energy Storage & Materials ETF in the second quarter worth about $80,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $230,000.

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.