Purpose Unlimited Inc. Makes New $996,000 Investment in iShares Copper and Metals Mining ETF $ICOP

Purpose Unlimited Inc. acquired a new stake in shares of iShares Copper and Metals Mining ETF (NASDAQ:ICOP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,477 shares of the company’s stock, valued at approximately $996,000. Purpose Unlimited Inc. owned approximately 0.29% of iShares Copper and Metals Mining ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICOP. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of iShares Copper and Metals Mining ETF by 1.5% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 161,238 shares of the company’s stock valued at $7,144,000 after acquiring an additional 2,422 shares during the period. LPL Financial LLC grew its position in iShares Copper and Metals Mining ETF by 1,008.5% during the 4th quarter. LPL Financial LLC now owns 94,257 shares of the company’s stock worth $4,177,000 after purchasing an additional 85,754 shares in the last quarter. Jane Street Group LLC grew its position in iShares Copper and Metals Mining ETF by 252.8% during the 4th quarter. Jane Street Group LLC now owns 79,423 shares of the company’s stock worth $3,519,000 after purchasing an additional 56,910 shares in the last quarter. Citadel Advisors LLC grew its position in iShares Copper and Metals Mining ETF by 280.4% during the 3rd quarter. Citadel Advisors LLC now owns 39,995 shares of the company’s stock worth $1,505,000 after purchasing an additional 29,480 shares in the last quarter. Finally, J. Safra Sarasin Holding AG raised its stake in iShares Copper and Metals Mining ETF by 222.7% during the 4th quarter. J. Safra Sarasin Holding AG now owns 30,010 shares of the company’s stock valued at $1,330,000 after purchasing an additional 20,710 shares during the period. 1.35% of the stock is currently owned by institutional investors and hedge funds.

iShares Copper and Metals Mining ETF Price Performance

ICOP opened at $53.86 on Friday. The firm has a market capitalization of $463.20 million, a P/E ratio of -19.17 and a beta of 0.87. The stock has a fifty day moving average of $52.95 and a 200-day moving average of $50.03. iShares Copper and Metals Mining ETF has a 12-month low of $27.52 and a 12-month high of $60.08.

iShares Copper and Metals Mining ETF Dividend Announcement

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

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.