Northwestern Mutual Wealth Management Co. lifted its position in Global X Copper Miners ETF (NYSEARCA:COPX – Free Report) by 359,496.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,858,244 shares of the company’s stock after purchasing an additional 216,797,938 shares during the quarter. Global X Copper Miners ETF comprises about 7.6% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 2nd biggest position. Northwestern Mutual Wealth Management Co. owned about 258.66% of Global X Copper Miners ETF worth $15,568,253,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of COPX. JPMorgan Chase & Co. raised its position in Global X Copper Miners ETF by 507.7% during the third quarter. JPMorgan Chase & Co. now owns 4,618,057 shares of the company’s stock valued at $276,206,000 after purchasing an additional 3,858,174 shares during the period. Bank of Nova Scotia bought a new position in shares of Global X Copper Miners ETF during the 3rd quarter worth $92,947,000. Bank of America Corp DE grew its holdings in Global X Copper Miners ETF by 120.2% during the 3rd quarter. Bank of America Corp DE now owns 1,088,621 shares of the company’s stock worth $65,110,000 after acquiring an additional 594,279 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Global X Copper Miners ETF during the fourth quarter valued at approximately $56,244,000. Finally, Wealth High Governance Capital Ltda purchased a new position in shares of Global X Copper Miners ETF in the 3rd quarter valued at $32,297,000.
Global X Copper Miners ETF Stock Down 7.1%
Shares of Global X Copper Miners ETF stock opened at $83.05 on Friday. The firm’s 50 day moving average price is $80.44 and its 200-day moving average price is $76.86. Global X Copper Miners ETF has a 52-week low of $39.04 and a 52-week high of $99.99. The company has a market cap of $7.78 billion, a P/E ratio of 18.04 and a beta of 1.03.
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.
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