iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Shares Down 1.5% – Time to Sell?

Shares of iShares Energy Storage & Materials ETF (NASDAQ:IBAT) fell 1.5% on Tuesday . The stock traded as low as $39.97 and last traded at $40.09. Approximately 12,523 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 36,379 shares. The stock had previously closed at $40.69.

iShares Energy Storage & Materials ETF Price Performance

The stock has a market cap of $73.22 million, a PE ratio of 18.48 and a beta of 1.58. The business has a 50 day moving average price of $40.59 and a two-hundred day moving average price of $39.93.

iShares Energy Storage & Materials ETF Announces Dividend

The company also recently declared a semiannual dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.1833 per share. This represents a yield of 82.0%. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares Energy Storage & Materials ETF

A number of large investors have recently added to or reduced their stakes in IBAT. Midwest Financial Partners Investments Inc. bought a new position in shares of iShares Energy Storage & Materials ETF during the fourth quarter valued at about $1,519,000. Glassman Wealth Services bought a new stake in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $154,000. Sanctuary Advisors LLC bought a new stake in shares of iShares Energy Storage & Materials ETF in the first quarter worth about $230,000. Citadel Advisors LLC increased its holdings in iShares Energy Storage & Materials ETF by 5.9% during the 2nd 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. Finally, Flow Traders U.S. LLC bought a new position in iShares Energy Storage & Materials ETF during the 2nd quarter valued at approximately $252,000.

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.