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

Global X Copper Miners ETF (NYSEARCA:COPX)’s share price reached a new 52-week high during trading on Monday . The company 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 Price Performance

The stock has a 50 day moving average price of $67.76 and a two-hundred day moving average price of $57.47. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16.

Hedge Funds Weigh In On Global X Copper Miners ETF

Institutional investors have recently modified their holdings of the stock. WFA Asset Management Corp bought a new stake in shares of Global X Copper Miners ETF during the second quarter valued at approximately $25,000. Sunbelt Securities Inc. acquired a new position in Global X Copper Miners ETF during the 3rd quarter worth $30,000. Caitlin John LLC acquired a new position in Global X Copper Miners ETF during the 3rd quarter worth $33,000. ORG Partners LLC boosted its position in Global X Copper Miners ETF by 4,320.0% in the 2nd quarter. ORG Partners LLC now owns 1,105 shares of the company’s stock valued at $50,000 after buying an additional 1,080 shares during the last quarter. Finally, US Bancorp DE bought a new position in Global X Copper Miners ETF in the 3rd quarter valued at $60,000.

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.