iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Shares Pass Below 200 Day Moving Average – Here’s What Happened

iShares Copper and Metals Mining ETF (NASDAQ:ICOPGet Free Report)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $29.81 and traded as low as $28.50. iShares Copper and Metals Mining ETF shares last traded at $28.75, with a volume of 29,468 shares.

iShares Copper and Metals Mining ETF Price Performance

The firm has a market capitalization of $33.06 million, a price-to-earnings ratio of -10.23 and a beta of 1.04. The stock has a fifty day moving average of $30.03 and a two-hundred day moving average of $29.81.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bright Futures Wealth Management LLC. raised its position in shares of iShares Copper and Metals Mining ETF by 1.5% during the second quarter. Bright Futures Wealth Management LLC. now owns 32,856 shares of the company’s stock worth $907,000 after acquiring an additional 476 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its position in shares of iShares Copper and Metals Mining ETF by 80.6% in the 2nd 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 period. Sunbelt Securities Inc. acquired a new position in shares of iShares Copper and Metals Mining ETF in the 2nd quarter worth approximately $289,000. Finally, WT Wealth Management bought a new stake in shares of iShares Copper and Metals Mining ETF in the 3rd quarter valued at $225,000. Institutional investors and hedge funds own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for iShares Copper and Metals Mining ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Copper and Metals Mining ETF and related companies with MarketBeat.com's FREE daily email newsletter.