iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Trading Down 0% – Time to Sell?

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) shares were down 0% during trading on Wednesday . The stock traded as low as $28.24 and last traded at $28.46. Approximately 2,809 shares changed hands during trading, a decline of 87% from the average daily volume of 22,279 shares. The stock had previously closed at $28.46.

iShares Copper and Metals Mining ETF Price Performance

The stock has a 50 day simple moving average of $27.68 and a two-hundred day simple moving average of $26.74. The company has a market cap of $54.07 million, a PE ratio of -10.13 and a beta of 0.73.

iShares Copper and Metals Mining ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were given a dividend of $0.2988 per share. The ex-dividend date was Monday, June 16th. iShares Copper and Metals Mining ETF’s dividend payout ratio (DPR) is presently -25.62%.

Institutional Trading of iShares Copper and Metals Mining ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc acquired a new stake in iShares Copper and Metals Mining ETF during the 4th quarter worth $38,000. U.S. Capital Wealth Advisors LLC raised its holdings in shares of iShares Copper and Metals Mining ETF by 4.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 22,525 shares of the company’s stock valued at $583,000 after buying an additional 1,050 shares during the last quarter. OLD Mission Capital LLC raised its holdings in shares of iShares Copper and Metals Mining ETF by 76.1% in the fourth quarter. OLD Mission Capital LLC now owns 72,199 shares of the company’s stock valued at $1,843,000 after buying an additional 31,200 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of iShares Copper and Metals Mining ETF by 4.7% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 151,752 shares of the company’s stock worth $3,930,000 after buying an additional 6,846 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of iShares Copper and Metals Mining ETF during the first quarter worth about $14,426,000. Hedge funds and other institutional investors own 1.35% of the company’s stock.

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.