W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of iShares Copper and Metals Mining ETF (NASDAQ:ICOP – Free Report) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,203 shares of the company’s stock after purchasing an additional 2,451 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co owned 0.07% of iShares Copper and Metals Mining ETF worth $4,611,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan grew its stake in shares of iShares Copper and Metals Mining ETF by 40.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 784,271 shares of the company’s stock worth $23,450,000 after acquiring an additional 227,272 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of iShares Copper and Metals Mining ETF during the 2nd quarter worth approximately $518,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of iShares Copper and Metals Mining ETF by 4.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 22,525 shares of the company’s stock worth $583,000 after acquiring an additional 1,050 shares in the last quarter. 1.35% of the stock is owned by institutional investors.
iShares Copper and Metals Mining ETF Stock Down 0.3%
Shares of ICOP opened at $38.62 on Monday. The stock has a market capitalization of $104.27 million, a P/E ratio of -13.74 and a beta of 0.85. iShares Copper and Metals Mining ETF has a twelve month low of $21.10 and a twelve month high of $39.80. The company has a 50 day moving average of $36.01 and a 200-day moving average of $31.41.
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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