W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of iShares Copper and Metals Mining ETF (NASDAQ:ICOP – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 174,895 shares of the company’s stock, valued at approximately $9,308,000. W.G. Shaheen & Associates DBA Whitney & Co owned approximately 2.01% of iShares Copper and Metals Mining ETF at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its position in shares of iShares Copper and Metals Mining ETF by 24.2% in the third quarter. Kestra Advisory Services LLC now owns 6,732 shares of the company’s stock valued at $358,000 after purchasing an additional 1,311 shares during the period. Commonwealth Equity Services LLC purchased a new position in iShares Copper and Metals Mining ETF during the third quarter worth about $490,000. Marin Bay Wealth Advisors LLC purchased a new position in iShares Copper and Metals Mining ETF during the third quarter worth about $213,000. BOKF NA purchased a new position in iShares Copper and Metals Mining ETF during the third quarter worth about $67,000. Finally, Sigma Planning Corp acquired a new stake in iShares Copper and Metals Mining ETF in the 3rd quarter worth about $497,000. Institutional investors and hedge funds own 1.35% of the company’s stock.
iShares Copper and Metals Mining ETF Trading Up 1.3%
ICOP traded up $0.61 during midday trading on Friday, hitting $46.81. The company’s stock had a trading volume of 121,168 shares, compared to its average volume of 183,948. The firm has a market cap of $407.25 million, a P/E ratio of -16.66 and a beta of 1.04. The firm has a 50-day moving average price of $52.95 and a two-hundred day moving average price of $52.08. iShares Copper and Metals Mining ETF has a 52-week low of $36.08 and a 52-week high of $60.93.
iShares Copper and Metals Mining ETF 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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