Northwestern Mutual Wealth Management Co. grew its stake in shares of Global X Copper Miners ETF (NYSEARCA:COPX – Free Report) by 9.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 66,210 shares of the company’s stock after purchasing an additional 5,904 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Global X Copper Miners ETF were worth $4,753,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Foundations Investment Advisors LLC acquired a new stake in shares of Global X Copper Miners ETF during the 4th quarter valued at approximately $1,586,000. Flputnam Investment Management Co. lifted its position in shares of Global X Copper Miners ETF by 12.3% during the 4th quarter. Flputnam Investment Management Co. now owns 5,235 shares of the company’s stock valued at $376,000 after acquiring an additional 575 shares during the period. Harbour Investments Inc. lifted its position in shares of Global X Copper Miners ETF by 72.6% during the 4th quarter. Harbour Investments Inc. now owns 977 shares of the company’s stock valued at $70,000 after acquiring an additional 411 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Global X Copper Miners ETF during the 4th quarter valued at approximately $144,000. Finally, Cumberland Partners Ltd acquired a new stake in shares of Global X Copper Miners ETF during the 4th quarter valued at approximately $1,077,000.
Global X Copper Miners ETF Trading Down 3.6%
COPX stock opened at $90.25 on Thursday. The firm has a 50 day moving average of $82.54 and a 200-day moving average of $79.24. Global X Copper Miners ETF has a 12-month low of $41.51 and a 12-month high of $99.99. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 18.04 and a beta of 1.03.
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.
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