Municipal Employees Retirement System of Michigan Buys 227,272 Shares of iShares Copper and Metals Mining ETF $ICOP

Municipal Employees Retirement System of Michigan lifted its holdings in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) by 40.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 784,271 shares of the company’s stock after purchasing an additional 227,272 shares during the period. iShares Copper and Metals Mining ETF accounts for approximately 0.3% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 25th biggest holding. Municipal Employees Retirement System of Michigan owned 0.33% of iShares Copper and Metals Mining ETF worth $23,450,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. U.S. Capital Wealth Advisors LLC increased its stake in shares of iShares Copper and Metals Mining ETF by 4.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 22,525 shares of the company’s stock worth $583,000 after purchasing an additional 1,050 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of iShares Copper and Metals Mining ETF by 4.7% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 151,752 shares of the company’s stock worth $3,930,000 after purchasing an additional 6,846 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in shares of iShares Copper and Metals Mining ETF in the second quarter worth about $518,000. 1.35% of the stock is currently owned by institutional investors.

iShares Copper and Metals Mining ETF Stock Performance

iShares Copper and Metals Mining ETF stock opened at $38.36 on Wednesday. The business’s 50-day simple moving average is $35.56 and its 200-day simple moving average is $31.07. The firm has a market capitalization of $103.57 million, a PE ratio of -13.65 and a beta of 0.85. iShares Copper and Metals Mining ETF has a 52 week low of $21.10 and a 52 week high of $39.80.

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.