Global X Copper Miners ETF $COPX Shares Sold by Summit Securities Group LLC

Summit Securities Group LLC cut its stake in shares of Global X Copper Miners ETF (NYSEARCA:COPX) by 97.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 700 shares of the company’s stock after selling 23,300 shares during the period. Summit Securities Group LLC’s holdings in Global X Copper Miners ETF were worth $53,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in COPX. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Global X Copper Miners ETF by 359,496.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 216,858,244 shares of the company’s stock valued at $15,568,253,000 after purchasing an additional 216,797,938 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Global X Copper Miners ETF by 16.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock worth $386,550,000 after purchasing an additional 766,399 shares during the period. Price T Rowe Associates Inc. MD grew its position in Global X Copper Miners ETF by 4.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,777,913 shares of the company’s stock valued at $271,217,000 after buying an additional 148,930 shares during the last quarter. FIL Ltd grew its position in Global X Copper Miners ETF by 71.4% in the 4th quarter. FIL Ltd now owns 1,583,170 shares of the company’s stock valued at $114,491,000 after buying an additional 659,497 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in Global X Copper Miners ETF in the 3rd quarter valued at $92,947,000.

Global X Copper Miners ETF Stock Performance

COPX traded up $1.14 during trading on Friday, hitting $76.54. The stock had a trading volume of 1,242,589 shares, compared to its average volume of 4,714,703. The firm has a market capitalization of $7.12 billion, a P/E ratio of 18.04 and a beta of 1.08. Global X Copper Miners ETF has a twelve month low of $41.94 and a twelve month high of $99.99. The company’s 50-day moving average price is $82.77 and its 200 day moving average price is $82.08.

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.