Global X Copper Miners ETF (NYSEARCA:COPX) Hits New 52-Week High – Here’s What Happened

Global X Copper Miners ETF (NYSEARCA:COPX) reached a new 52-week high during trading on Thursday . The company traded as high as $74.07 and last traded at $73.75, with a volume of 1125587 shares traded. The stock had previously closed at $73.94.

Global X Copper Miners ETF Price Performance

The stock’s 50-day moving average price is $64.23 and its 200 day moving average price is $54.59. The firm has a market cap of $4.17 billion, a P/E ratio of 18.04 and a beta of 1.16.

Institutional Investors Weigh In On Global X Copper Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of COPX. Scotia Capital Inc. raised its stake in Global X Copper Miners ETF by 3.3% during the second quarter. Scotia Capital Inc. now owns 11,266 shares of the company’s stock worth $507,000 after acquiring an additional 360 shares in the last quarter. Marathon Capital Management raised its holdings in Global X Copper Miners ETF by 6.6% during the 2nd quarter. Marathon Capital Management now owns 6,594 shares of the company’s stock worth $297,000 after purchasing an additional 410 shares during the last quarter. Magnolia Capital Advisors LLC grew its holdings in Global X Copper Miners ETF by 5.2% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 8,916 shares of the company’s stock worth $533,000 after acquiring an additional 439 shares during the period. Ipsen Advisor Group LLC lifted its stake in Global X Copper Miners ETF by 1.1% in the third quarter. Ipsen Advisor Group LLC now owns 42,060 shares of the company’s stock valued at $2,516,000 after buying an additional 444 shares during the period. Finally, ORG Partners LLC boosted its stake in Global X Copper Miners ETF by 42.5% during the third quarter. ORG Partners LLC now owns 1,575 shares of the company’s stock worth $94,000 after acquiring an additional 470 shares in the last quarter.

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.