Clare Market Investments LLC Purchases New Holdings in iShares Copper and Metals Mining ETF $ICOP

Clare Market Investments LLC bought a new position in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,950 shares of the company’s stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICOP. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of iShares Copper and Metals Mining ETF in the first quarter valued at approximately $485,000. Evolution Wealth Management Inc. bought a new position in iShares Copper and Metals Mining ETF in the first quarter valued at about $25,000. PFG Investments LLC acquired a new position in iShares Copper and Metals Mining ETF in the first quarter valued at approximately $379,000. Purpose Unlimited Inc. acquired a new position in iShares Copper and Metals Mining ETF in the fourth quarter valued at about $996,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of iShares Copper and Metals Mining ETF during the fourth quarter worth $211,000. Institutional investors and hedge funds own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Stock Performance

NASDAQ ICOP opened at $49.99 on Tuesday. The stock has a market cap of $434.91 million, a price-to-earnings ratio of -17.79 and a beta of 0.92. The business has a 50 day simple moving average of $52.24 and a 200 day simple moving average of $50.68. iShares Copper and Metals Mining ETF has a 52-week low of $28.51 and a 52-week high of $60.08.

iShares Copper and Metals Mining ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.2713 dividend. The ex-dividend date was Monday, June 15th. iShares Copper and Metals Mining ETF’s payout ratio is presently -31.67%.

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.