Shares of United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $40.78 and last traded at $40.7750, with a volume of 378613 shares traded. The stock had previously closed at $40.14.
United States Copper Index Fund Trading Up 1.9%
The business’s fifty day moving average is $38.47 and its 200 day moving average is $37.03. The company has a market cap of $791.34 million, a P/E ratio of 3.31 and a beta of 0.48.
Hedge Funds Weigh In On United States Copper Index Fund
Several large investors have recently modified their holdings of CPER. Mirae Asset Global Investments Co. Ltd. boosted its holdings in United States Copper Index Fund by 527.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 377,100 shares of the company’s stock worth $13,183,000 after buying an additional 317,000 shares during the period. Bank of America Corp DE raised its holdings in United States Copper Index Fund by 1,902.7% in the 1st quarter. Bank of America Corp DE now owns 145,800 shares of the company’s stock worth $5,020,000 after purchasing an additional 138,520 shares in the last quarter. LPL Financial LLC lifted its holdings in United States Copper Index Fund by 111.6% in the fourth quarter. LPL Financial LLC now owns 261,506 shares of the company’s stock worth $9,142,000 after buying an additional 137,916 shares during the period. Empowered Funds LLC purchased a new position in shares of United States Copper Index Fund during the 4th quarter worth approximately $3,491,000. Finally, Ameriprise Financial Inc. raised its position in shares of United States Copper Index Fund by 259.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 101,677 shares of the company’s stock worth $3,051,000 after acquiring an additional 73,383 shares in the last quarter.
About United States Copper Index Fund
The United States Copper Index Fund, LP (CPER) is an exchange-traded fund that is based on the SummerHaven Copper index. The fund tracks a rules-based index of copper futures contracts selected based on the shape of the copper futures curve. CPER was launched on Nov 15, 2011 and is managed by US Commodity Funds.
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