Smart Portfolios LLC Cuts Holdings in Global X Copper Miners ETF $COPX

Smart Portfolios LLC decreased its position in Global X Copper Miners ETF (NYSEARCA:COPX) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,577 shares of the company’s stock after selling 488 shares during the period. Smart Portfolios LLC’s holdings in Global X Copper Miners ETF were worth $746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COPX. Sowell Financial Services LLC purchased a new position in Global X Copper Miners ETF in the first quarter valued at $317,000. Birch Hill Investment Advisors LLC increased its holdings in Global X Copper Miners ETF by 1.2% in the first quarter. Birch Hill Investment Advisors LLC now owns 29,240 shares of the company’s stock valued at $1,142,000 after buying an additional 360 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in Global X Copper Miners ETF in the first quarter valued at $82,000. Cambridge Investment Research Advisors Inc. increased its holdings in Global X Copper Miners ETF by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,327 shares of the company’s stock valued at $833,000 after buying an additional 272 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in Global X Copper Miners ETF by 118.8% in the first quarter. Oppenheimer & Co. Inc. now owns 19,342 shares of the company’s stock valued at $756,000 after buying an additional 10,502 shares in the last quarter.

Global X Copper Miners ETF Stock Performance

COPX opened at $62.14 on Wednesday. Global X Copper Miners ETF has a fifty-two week low of $30.77 and a fifty-two week high of $66.20. The company has a fifty day moving average of $52.90 and a two-hundred day moving average of $45.19. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 18.04 and a beta of 1.43.

About Global X Copper Miners ETF

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.