Kera Capital Partners Inc. Has $1.80 Million Stake in iShares Copper and Metals Mining ETF $ICOP

Kera Capital Partners Inc. raised its holdings in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) by 54.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,840 shares of the company’s stock after buying an additional 13,392 shares during the period. Kera Capital Partners Inc. owned 0.44% of iShares Copper and Metals Mining ETF worth $1,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of iShares Copper and Metals Mining ETF during the 2nd quarter worth about $1,017,000. Citadel Advisors LLC boosted its position in iShares Copper and Metals Mining ETF by 280.4% during the third quarter. Citadel Advisors LLC now owns 39,995 shares of the company’s stock valued at $1,505,000 after purchasing an additional 29,480 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in iShares Copper and Metals Mining ETF during the third quarter valued at approximately $76,000. JFS Wealth Advisors LLC bought a new position in iShares Copper and Metals Mining ETF in the fourth quarter valued at approximately $27,000. Finally, J. Safra Sarasin Holding AG grew its stake in iShares Copper and Metals Mining ETF by 222.7% in the fourth quarter. J. Safra Sarasin Holding AG now owns 30,010 shares of the company’s stock valued at $1,330,000 after purchasing an additional 20,710 shares in the last quarter. 1.35% of the stock is currently owned by institutional investors and hedge funds.

iShares Copper and Metals Mining ETF Stock Down 1.0%

NASDAQ:ICOP opened at $46.88 on Friday. iShares Copper and Metals Mining ETF has a twelve month low of $28.51 and a twelve month high of $60.08. The firm has a market capitalization of $407.86 million, a price-to-earnings ratio of -16.68 and a beta of 0.92. The stock’s 50 day moving average price is $51.74 and its two-hundred day moving average price is $50.88.

iShares Copper and Metals Mining ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid 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 (DPR) is currently -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.