iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Price Down 0.8% – Here’s Why

iShares Energy Storage & Materials ETF (NASDAQ:IBAT)’s share price fell 0.8% during mid-day trading on Monday . The company traded as low as $22.27 and last traded at $22.22. 59 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,041 shares. The stock had previously closed at $22.41.

iShares Energy Storage & Materials ETF Price Performance

The business’s fifty day moving average price is $22.29 and its 200-day moving average price is $23.23. The stock has a market capitalization of $6.22 million, a PE ratio of 21.49 and a beta of 1.08.

Institutional Trading of iShares Energy Storage & Materials ETF

An institutional investor recently bought a new position in iShares Energy Storage & Materials ETF stock. Sunbelt Securities Inc. purchased a new position in iShares Energy Storage & Materials ETF (NASDAQ:IBAT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 filing with the Securities and Exchange Commission (SEC).

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.