W.G. Shaheen & Associates DBA Whitney & Co Makes New Investment in iShares Copper and Metals Mining ETF $ICOP

W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of iShares Copper and Metals Mining ETF (NASDAQ:ICOP) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 174,895 shares of the company’s stock, valued at approximately $9,308,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ICOP. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in iShares Copper and Metals Mining ETF by 37.4% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 92,416 shares of the company’s stock valued at $4,918,000 after acquiring an additional 25,165 shares during the last quarter. Kera Capital Partners Inc. raised its holdings in shares of iShares Copper and Metals Mining ETF by 54.8% in the 1st quarter. Kera Capital Partners Inc. now owns 37,840 shares of the company’s stock worth $1,800,000 after purchasing an additional 13,392 shares during the period. Quantinno Capital Management LP acquired a new position in shares of iShares Copper and Metals Mining ETF in the 1st quarter valued at about $909,000. Envestnet Asset Management Inc. lifted its stake in shares of iShares Copper and Metals Mining ETF by 16.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,435 shares of the company’s stock valued at $809,000 after purchasing an additional 2,289 shares in the last quarter. Finally, Western Wealth Management LLC lifted its stake in shares of iShares Copper and Metals Mining ETF by 32.1% in the 1st quarter. Western Wealth Management LLC now owns 16,105 shares of the company’s stock valued at $766,000 after purchasing an additional 3,915 shares in the last quarter. 1.35% of the stock is currently owned by institutional investors and hedge funds.

iShares Copper and Metals Mining ETF Stock Performance

Shares of NASDAQ:ICOP traded up $0.61 during trading on Friday, reaching $46.81. 121,168 shares of the stock were exchanged, compared to its average volume of 183,948. iShares Copper and Metals Mining ETF has a 12-month low of $36.08 and a 12-month high of $60.93. The firm has a market cap of $407.25 million, a price-to-earnings ratio of -16.66 and a beta of 1.04. The firm’s 50-day moving average price is $52.95 and its 200 day moving average price is $52.08.

About iShares Copper and Metals Mining ETF

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.