Sovran Advisors LLC Invests $560,000 in Sprott Copper Miners ETF $COPP

Sovran Advisors LLC bought a new stake in shares of Sprott Copper Miners ETF (NASDAQ:COPP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,006 shares of the company’s stock, valued at approximately $560,000.

Several other large investors have also made changes to their positions in the business. Caitlin John LLC purchased a new position in shares of Sprott Copper Miners ETF during the 4th quarter valued at approximately $25,000. First United Bank & Trust purchased a new stake in Sprott Copper Miners ETF in the 1st quarter worth $36,000. Blue Trust Inc. purchased a new stake in Sprott Copper Miners ETF in the 4th quarter worth $37,000. AdvisorNet Financial Inc raised its position in Sprott Copper Miners ETF by 33.4% during the first quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock worth $82,000 after acquiring an additional 575 shares during the period. Finally, Federation des caisses Desjardins du Quebec acquired a new stake in shares of Sprott Copper Miners ETF in the fourth quarter valued at about $92,000.

Sprott Copper Miners ETF Stock Down 3.2%

COPP stock opened at $36.85 on Tuesday. The stock has a market capitalization of $259.06 million, a P/E ratio of 30.50 and a beta of 0.92. The firm has a 50-day simple moving average of $40.05 and a 200-day simple moving average of $39.12. Sprott Copper Miners ETF has a 52 week low of $20.81 and a 52 week high of $47.46.

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.