Global X Copper Miners ETF (NYSEARCA:COPX) Sets New 12-Month High – Time to Buy?

Global X Copper Miners ETF (NYSEARCA:COPX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $79.73 and last traded at $79.4120, with a volume of 1399591 shares. The stock had previously closed at $77.54.

Global X Copper Miners ETF Trading Up 3.1%

The business’s fifty day moving average is $66.92 and its two-hundred day moving average is $56.98. The company has a market capitalization of $5.42 billion, a PE ratio of 18.04 and a beta of 1.16.

Institutional Investors Weigh In On Global X Copper Miners ETF

Several large investors have recently bought and sold shares of the business. Scotia Capital Inc. lifted its position in Global X Copper Miners ETF by 3.3% during the second quarter. Scotia Capital Inc. now owns 11,266 shares of the company’s stock valued at $507,000 after purchasing an additional 360 shares during the last quarter. Marathon Capital Management increased its holdings in shares of Global X Copper Miners ETF by 6.6% in the 2nd quarter. Marathon Capital Management now owns 6,594 shares of the company’s stock worth $297,000 after buying an additional 410 shares during the last quarter. Magnolia Capital Advisors LLC raised its position in shares of Global X Copper Miners ETF by 5.2% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 8,916 shares of the company’s stock valued at $533,000 after buying an additional 439 shares in the last quarter. Ipsen Advisor Group LLC lifted its holdings in shares of Global X Copper Miners ETF by 1.1% in the 3rd quarter. Ipsen Advisor Group LLC now owns 42,060 shares of the company’s stock valued at $2,516,000 after acquiring an additional 444 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in shares of Global X Copper Miners ETF by 42.5% in the 3rd quarter. ORG Partners LLC now owns 1,575 shares of the company’s stock valued at $94,000 after acquiring an additional 470 shares during the last quarter.

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.