iShares Energy Storage & Materials ETF (NASDAQ:IBAT) Stock Price Down 0.8% – Should You Sell?

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

iShares Energy Storage & Materials ETF Stock Performance

The stock has a market cap of $6.22 million, a PE ratio of 21.49 and a beta of 1.08. The firm has a 50-day moving average price of $22.29 and a 200-day moving average price of $23.23.

Institutional Inflows and Outflows

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

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.