GK Wealth Management LLC Purchases New Stake in Global X Copper Miners ETF $COPX

GK Wealth Management LLC acquired a new position in Global X Copper Miners ETF (NYSEARCA:COPX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,083 shares of the company’s stock, valued at approximately $1,623,000. Global X Copper Miners ETF accounts for approximately 0.9% of GK Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Global X Copper Miners ETF by 359,496.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 216,858,244 shares of the company’s stock worth $15,568,253,000 after buying an additional 216,797,938 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Global X Copper Miners ETF by 16.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock valued at $386,550,000 after buying an additional 766,399 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Global X Copper Miners ETF by 4.1% during 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. Harel Insurance Investments & Financial Services Ltd. raised its stake in Global X Copper Miners ETF by 197.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,290,355 shares of the company’s stock worth $174,869,000 after acquiring an additional 1,520,355 shares during the period. Finally, FIL Ltd raised its stake in Global X Copper Miners ETF by 71.4% during the fourth quarter. FIL Ltd now owns 1,583,170 shares of the company’s stock worth $114,491,000 after acquiring an additional 659,497 shares during the period.

Global X Copper Miners ETF Stock Up 5.8%

Shares of NYSEARCA COPX opened at $83.99 on Wednesday. The firm’s 50-day moving average price is $80.48 and its two-hundred day moving average price is $82.38. Global X Copper Miners ETF has a 52-week low of $43.61 and a 52-week high of $99.99. The stock has a market capitalization of $7.79 billion, a P/E ratio of 18.04 and a beta of 1.07.

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.