iShares Copper and Metals Mining ETF
ICOP
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Paul Whitehead
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105-2618
- IPO Date
- Jun 26, 2023
- Website
- ishares.com
- Similar Companies
- Business
- iShares Copper and Metals Mining ETF (ICOP) is an exchange-traded fund that seeks to track the investment results of the STOXX Global Copper and Metals Mining Index, composed of U.S. and non-U.S. equities of companies primarily engaged in copper and metal ore mining. The fund invests at least 80% of its assets in component securities of the index or investments with substantially identical economic characteristics, including futures, options, and swap contracts; it may hold up to 20% in cash and cash equivalents. Launched on June 21, 2023, and domiciled in the United States, ICOP is issued by iShares, a division of BlackRock, Inc., with headquarters in New York. The ETF targets institutional and retail investors seeking exposure to the global materials sector, particularly natural resources focused on copper mining, metal ore extraction, exploration, and refining; top holdings include Freeport-McMoRan Inc. (approximately 8%), Grupo Mexico B (8%), BHP Group Ltd. (8%), First Quantum Minerals Ltd. (7%), and Antofagasta plc (6%), with a total of around 57 holdings spanning diversified market capitalizations across growth and value stocks. Geographic operations encompass companies listed on exchanges worldwide, including the U.S., Australia, Canada, Mexico, the United Kingdom, Chile, Poland, and China. Recent performance highlights include a year-to-date total return of 48.63% and inception-to-date return of 57.47% as of late 2025, driven by rising copper prices amid supply shortages, infrastructure demand, and green energy transitions; the fund paid semiannual dividends, with the latest at $0.422 on December 20, 2024, yielding approximately 1.38% trailing twelve months. In 2025, ICOP benefited from strong commodity demand, posting robust quarterly results with net income of $1.67 billion and EPS of $10.29 in Q2, alongside an 88.6% rally from April lows tied to favorable macroeconomic trends. Institutional interest grew, with new positions established by investors such as Sunbelt Securities Inc. ($76,000) and Allie Family Office LLC ($206,000) in Q3 2025; assets under management reached about $104 million. BlackRock, as issuer, implemented portfolio manager updates effective April 1, 2025, adding Peter Sietsema, Matt Waldron, and Steven White alongside Jennifer Hsui, and made unrelated syndicated credit facility adjustments adding/removing certain iShares ETFs as borrowers in October 2025. No major acquisitions, funding rounds, new product launches, or strategic alliances specific to ICOP were reported in the last 1-2 years.