Shares of iShares Copper and Metals Mining ETF (NASDAQ:ICOP – Get Free Report) were down 2.9% during mid-day trading on Friday . The company traded as low as $26.34 and last traded at $26.37. Approximately 17,492 shares changed hands during trading, a decline of 30% from the average daily volume of 25,017 shares. The stock had previously closed at $27.15.
iShares Copper and Metals Mining ETF Trading Down 2.9 %
The company’s 50-day moving average is $29.20 and its 200 day moving average is $29.37. The firm has a market cap of $29.01 million, a PE ratio of -9.38 and a beta of 1.04.
iShares Copper and Metals Mining ETF Announces Dividend
The firm also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a $0.0544 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. iShares Copper and Metals Mining ETF’s payout ratio is currently -21.35%.
Institutional Inflows and Outflows
About iShares Copper and Metals Mining ETF
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.
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