W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of iShares Copper and Metals Mining ETF (NASDAQ:ICOP – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 144,906 shares of the company’s stock, valued at approximately $3,698,000. W.G. Shaheen & Associates DBA Whitney & Co owned 8.05% of iShares Copper and Metals Mining ETF at the end of the most recent reporting period.
Separately, IFP Advisors Inc acquired a new position in shares of iShares Copper and Metals Mining ETF during the fourth quarter worth about $38,000. 1.35% of the stock is owned by institutional investors and hedge funds.
iShares Copper and Metals Mining ETF Stock Performance
ICOP stock opened at $26.48 on Monday. iShares Copper and Metals Mining ETF has a fifty-two week low of $24.09 and a fifty-two week high of $35.41. The firm has a market capitalization of $47.66 million, a price-to-earnings ratio of -9.42 and a beta of 1.04. The company’s 50 day moving average price is $26.40 and its 200 day moving average price is $28.30.
iShares Copper and Metals Mining ETF Dividend Announcement
iShares Copper and Metals Mining ETF Company Profile
The iShares Copper and Metals Mining ETF (ICOP) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-capitalization weighted index composed of stocks of copper and metal ore mining companies globally. Stocks are quantitatively screened to identify stocks with significant revenue tied to this space ICOP was launched on Jun 21, 2023 and is managed by BlackRock.
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