Sprott Copper Miners ETF (NASDAQ:COPP) Stock Price Up 0.4% – Should You Buy?

Sprott Copper Miners ETF (NASDAQ:COPP)’s share price shot up 0.4% on Monday . The company traded as high as $46.20 and last traded at $45.85. 206,512 shares were traded during trading, a decline of 10% from the average session volume of 230,563 shares. The stock had previously closed at $45.66.

Sprott Copper Miners ETF Stock Performance

The firm’s 50 day moving average is $39.77 and its 200-day moving average is $39.56. The firm has a market cap of $317.12 million, a price-to-earnings ratio of 30.50 and a beta of 0.92.

Institutional Trading of Sprott Copper Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitlin John LLC acquired a new position in shares of Sprott Copper Miners ETF during the 4th quarter valued at about $25,000. First United Bank & Trust acquired a new stake in Sprott Copper Miners ETF in the 1st quarter worth approximately $36,000. Main Street Group LTD acquired a new stake in Sprott Copper Miners ETF in the 1st quarter worth approximately $41,000. AdvisorNet Financial Inc boosted 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 purchasing an additional 575 shares during the period. Finally, PNC Financial Services Group Inc. bought a new stake in Sprott Copper Miners ETF during the first quarter worth approximately $91,000.

Sprott Copper Miners ETF Company 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.