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

Purpose Unlimited Inc. purchased a new position in shares of iShares Copper and Metals Mining ETF (NASDAQ:ICOP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,477 shares of the company’s stock, valued at approximately $996,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in iShares Copper and Metals Mining ETF in the 2nd quarter valued at approximately $1,017,000. Allie Family Office LLC acquired a new stake in shares of iShares Copper and Metals Mining ETF during the 3rd quarter valued at $206,000. Citadel Advisors LLC grew its holdings in shares of 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 valued at $1,505,000 after acquiring an additional 29,480 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of iShares Copper and Metals Mining ETF during the 3rd quarter valued at $76,000. Finally, JFS Wealth Advisors LLC acquired a new position in shares of iShares Copper and Metals Mining ETF in the fourth quarter worth $27,000. 1.35% of the stock is owned by hedge funds and other institutional investors.

iShares Copper and Metals Mining ETF Stock Performance

Shares of NASDAQ:ICOP opened at $53.86 on Friday. iShares Copper and Metals Mining ETF has a 1 year low of $27.52 and a 1 year high of $60.08. The business has a fifty day simple moving average of $52.95 and a 200 day simple moving average of $50.03. The firm has a market cap of $463.20 million, a price-to-earnings ratio of -19.17 and a beta of 0.87.

iShares Copper and Metals Mining ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $0.2713 dividend. The ex-dividend date of this dividend was Monday, June 15th. iShares Copper and Metals Mining ETF’s dividend 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.