iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Declares $0.59 Dividend

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) declared a dividend on Monday, December 15th. Stockholders of record on Tuesday, December 16th will be given a dividend of 0.593 per share on Friday, December 19th. This represents a dividend yield of 277.0%. The ex-dividend date is Tuesday, December 16th.

iShares Copper and Metals Mining ETF Stock Performance

Shares of ICOP opened at $42.88 on Tuesday. The stock has a 50 day simple moving average of $39.11 and a 200 day simple moving average of $34.14. iShares Copper and Metals Mining ETF has a 52-week low of $21.10 and a 52-week high of $43.76. The firm has a market capitalization of $115.78 million, a PE ratio of -15.26 and a beta of 0.85.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

Large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new stake in iShares Copper and Metals Mining ETF in the 3rd quarter valued at $76,000. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in iShares Copper and Metals Mining ETF by 1.6% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 154,203 shares of the company’s stock worth $4,611,000 after purchasing an additional 2,451 shares in the last quarter. Allie Family Office LLC acquired a new stake in shares of iShares Copper and Metals Mining ETF in the 3rd quarter valued at about $206,000. J. Safra Sarasin Holding AG bought a new stake in shares of iShares Copper and Metals Mining ETF in the third quarter valued at about $350,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of iShares Copper and Metals Mining ETF in the second quarter valued at about $518,000. Institutional investors own 1.35% of the company’s stock.

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.