iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Sets New 1-Year High – Time to Buy?

iShares Copper and Metals Mining ETF (NASDAQ:ICOPGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.17 and last traded at $59.75, with a volume of 38494 shares traded. The stock had previously closed at $59.34.

iShares Copper and Metals Mining ETF Trading Up 2.3%

The firm has a market capitalization of $523.65 million, a PE ratio of -21.67 and a beta of 0.92. The business has a 50 day moving average price of $51.46 and a 200-day moving average price of $51.58.

iShares Copper and Metals Mining ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.2713 dividend. The ex-dividend date was Monday, June 15th. iShares Copper and Metals Mining ETF’s payout ratio is -31.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in iShares Copper and Metals Mining ETF in the second quarter valued at $1,017,000. Citadel Advisors LLC grew its stake in shares of iShares Copper and Metals Mining ETF by 280.4% during the 3rd quarter. Citadel Advisors LLC now owns 39,995 shares of the company’s stock worth $1,505,000 after purchasing an additional 29,480 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of iShares Copper and Metals Mining ETF during the 3rd quarter worth $76,000. W.G. Shaheen & Associates DBA Whitney & Co grew its stake in shares of iShares Copper and Metals Mining ETF by 1.5% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 161,238 shares of the company’s stock worth $7,144,000 after purchasing an additional 2,422 shares during the period. Finally, Sigma Planning Corp purchased a new position in shares of iShares Copper and Metals Mining ETF in the 4th quarter valued at about $513,000. Hedge funds and other institutional investors own 1.35% of the company’s stock.

About iShares Copper and Metals Mining ETF

(Get Free Report)

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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