WT Wealth Management Invests $225,000 in iShares Copper and Metals Mining ETF (NASDAQ:ICOP)

WT Wealth Management purchased a new position in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,242 shares of the company’s stock, valued at approximately $225,000. WT Wealth Management owned approximately 0.63% of iShares Copper and Metals Mining ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bright Futures Wealth Management LLC. acquired a new position in iShares Copper and Metals Mining ETF during the 1st quarter worth $972,000. Glass Jacobson Investment Advisors llc lifted its position in shares of iShares Copper and Metals Mining ETF by 80.6% during the second quarter. Glass Jacobson Investment Advisors llc now owns 1,806 shares of the company’s stock worth $54,000 after purchasing an additional 806 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in iShares Copper and Metals Mining ETF in the second quarter worth about $289,000. Hedge funds and other institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Trading Up 0.6 %

NASDAQ ICOP traded up $0.20 on Tuesday, hitting $31.03. 10,491 shares of the stock traded hands, compared to its average volume of 24,622. The stock has a 50-day moving average of $29.65 and a 200 day moving average of $30.26. iShares Copper and Metals Mining ETF has a twelve month low of $21.54 and a twelve month high of $35.41. The company has a market capitalization of $35.68 million, a P/E ratio of -10.97 and a beta of 1.04.

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.