J. Safra Sarasin Holding AG Invests $350,000 in iShares Copper and Metals Mining ETF $ICOP

J. Safra Sarasin Holding AG bought a new stake in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,300 shares of the company’s stock, valued at approximately $350,000. J. Safra Sarasin Holding AG owned 0.34% of iShares Copper and Metals Mining ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its stake in shares of iShares Copper and Metals Mining ETF by 40.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 784,271 shares of the company’s stock valued at $23,450,000 after acquiring an additional 227,272 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in iShares Copper and Metals Mining ETF by 1.6% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 154,203 shares of the company’s stock valued at $4,611,000 after purchasing an additional 2,451 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in iShares Copper and Metals Mining ETF in the second quarter worth $1,017,000. Institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Trading Up 1.8%

NASDAQ:ICOP opened at $56.07 on Friday. iShares Copper and Metals Mining ETF has a 1 year low of $21.10 and a 1 year high of $60.08. The stock has a market cap of $381.28 million, a price-to-earnings ratio of -19.95 and a beta of 0.85. The stock has a 50-day moving average price of $45.28 and a two-hundred day moving average price of $38.26.

iShares Copper and Metals Mining ETF Cuts Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 30th were given a $0.0295 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 13.0%. iShares Copper and Metals Mining ETF’s payout ratio is currently -32.74%.

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.