WT Wealth Management Takes $225,000 Position in iShares Copper and Metals Mining ETF (NASDAQ:ICOP)

WT Wealth Management acquired a new position in shares of iShares Copper and Metals Mining ETF (NASDAQ:ICOP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,242 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc increased its holdings in shares of iShares Copper and Metals Mining ETF by 80.6% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 1,806 shares of the company’s stock valued at $54,000 after purchasing an additional 806 shares during the period. Sunbelt Securities Inc. purchased a new position in iShares Copper and Metals Mining ETF during the second quarter valued at approximately $289,000. Finally, Bright Futures Wealth Management LLC. increased its stake in iShares Copper and Metals Mining ETF by 1.5% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 32,856 shares of the company’s stock valued at $907,000 after buying an additional 476 shares during the period. 1.35% of the stock is currently owned by hedge funds and other institutional investors.

iShares Copper and Metals Mining ETF Trading Up 0.6 %

ICOP stock traded up $0.20 during midday trading on Tuesday, reaching $31.03. The company had a trading volume of 10,491 shares, compared to its average volume of 24,622. The company has a 50 day moving average of $29.65 and a two-hundred day moving average of $30.26. iShares Copper and Metals Mining ETF has a 1 year low of $21.54 and a 1 year high of $35.41. The company has a market capitalization of $35.68 million, a P/E ratio of -10.97 and a beta of 1.04.

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.