Sprott Copper Miners ETF (NASDAQ:COPP) Shares Up 2.1% – Should You Buy?

Sprott Copper Miners ETF (NASDAQ:COPP) was up 2.1% during trading on Wednesday . The company traded as high as $20.66 and last traded at $20.40. Approximately 19,990 shares changed hands during trading, an increase of 56% from the average daily volume of 12,827 shares. The stock had previously closed at $19.98.

Sprott Copper Miners ETF Trading Up 2.1 %

The company has a market capitalization of $23.46 million, a PE ratio of 28.95 and a beta of 0.77. The stock’s fifty day moving average is $20.83 and its two-hundred day moving average is $22.80.

Sprott Copper Miners ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were paid a $0.5308 dividend. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Trading of Sprott Copper Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in COPP. International Assets Investment Management LLC purchased a new stake in shares of Sprott Copper Miners ETF during the 3rd quarter valued at $3,641,000. Jane Street Group LLC increased its position in shares of Sprott Copper Miners ETF by 130.2% during the 4th quarter. Jane Street Group LLC now owns 41,000 shares of the company’s stock valued at $841,000 after purchasing an additional 23,192 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Sprott Copper Miners ETF during the third quarter worth approximately $201,000. Finally, Corrado Advisors LLC lifted its stake in Sprott Copper Miners ETF by 13.9% in the fourth quarter. Corrado Advisors LLC now owns 34,305 shares of the company’s stock worth $704,000 after purchasing an additional 4,177 shares during the last quarter.

Sprott Copper Miners ETF Company Profile

The Sprott Copper Miners ETF (COPP) is an exchange-traded fund that is based on the Nasdaq Sprott Copper Miners index. The fund is passively managed, tracking a modified market-cap weighted index comprised of companies in the mining, exploration, development, and production of copper. The fund invests in securities of issuers from all around the world.