Carnegie Investment Counsel Makes New Investment in Sprott Copper Miners ETF $COPP

Carnegie Investment Counsel acquired a new position in shares of Sprott Copper Miners ETF (NASDAQ:COPP) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 38,320 shares of the company’s stock, valued at approximately $1,489,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Sprott Copper Miners ETF during the 2nd quarter valued at approximately $427,000. Susquehanna International Group LLP increased its stake in Sprott Copper Miners ETF by 17.9% during the third quarter. Susquehanna International Group LLP now owns 24,154 shares of the company’s stock worth $683,000 after acquiring an additional 3,675 shares during the last quarter. Blue Trust Inc. acquired a new stake in Sprott Copper Miners ETF during the fourth quarter worth $37,000. Smith Moore & CO. raised its position in Sprott Copper Miners ETF by 13.9% in the fourth quarter. Smith Moore & CO. now owns 8,200 shares of the company’s stock valued at $285,000 after purchasing an additional 1,000 shares during the period. Finally, Corrado Advisors LLC raised its position in Sprott Copper Miners ETF by 2.7% in the fourth quarter. Corrado Advisors LLC now owns 44,751 shares of the company’s stock valued at $1,558,000 after purchasing an additional 1,156 shares during the period.

Sprott Copper Miners ETF Trading Down 3.2%

Shares of COPP opened at $36.85 on Tuesday. The company’s 50-day moving average price is $40.05 and its 200 day moving average price is $39.12. Sprott Copper Miners ETF has a 12-month low of $20.81 and a 12-month high of $47.46. The firm has a market cap of $259.06 million, a P/E ratio of 30.50 and a beta of 0.92.

Sprott Copper Miners ETF Profile

The Sprott Copper Miners ETF (COPP) is an exchange-traded fund that is based on the Nasdaq Sprott Copper Miners index. The fund is passively managed, tracking a modified market-cap weighted index comprised of companies in the mining, exploration, development, and production of copper. The fund invests in securities of issuers from all around the world. COPP was launched on Mar 5, 2024 and is issued by Sprott.