Global X Copper Miners ETF (NYSEARCA:COPX – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $47.29 and last traded at $47.19, with a volume of 1105836 shares. The stock had previously closed at $45.98.
Global X Copper Miners ETF Stock Up 3.3 %
The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.74 and a beta of 1.25. The company’s 50-day moving average is $41.09 and its 200-day moving average is $37.29.
Hedge Funds Weigh In On Global X Copper Miners ETF
Several institutional investors have recently modified their holdings of COPX. Scarborough Advisors LLC purchased a new stake in Global X Copper Miners ETF during the 4th quarter worth about $27,000. Simplex Trading LLC acquired a new position in Global X Copper Miners ETF during the third quarter worth about $42,000. U S Global Investors Inc. purchased a new position in Global X Copper Miners ETF in the 4th quarter valued at approximately $75,000. Valley National Advisers Inc. acquired a new position in shares of Global X Copper Miners ETF during the 1st quarter worth $94,000. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in shares of Global X Copper Miners ETF by 11.0% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 4,617 shares of the company’s stock valued at $173,000 after purchasing an additional 457 shares in the last quarter.
Global X Copper Miners ETF Company Profile
Global X Copper Miners ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Copper Miners Index. The Solactive Global Copper Miners Index is designed to reflect the performance of the copper mining industry. It is comprised of common stocks, American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) of selected companies globally, which are engaged in some aspect of the copper mining industry such as copper mining, refining or exploration.
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