Global X Copper Miners ETF (NYSEARCA:COPX) Sets New 1-Year High – Here’s What Happened
by Scott Moore · The Cerbat GemGlobal X Copper Miners ETF (NYSEARCA:COPX – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.58 and last traded at $76.6110, with a volume of 3471400 shares. The stock had previously closed at $73.06.
Global X Copper Miners ETF Trading Up 4.9%
The firm has a 50-day simple moving average of $65.44 and a two-hundred day simple moving average of $55.78. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of Global X Copper Miners ETF by 507.7% in the 3rd 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 in the last quarter. Bank of Nova Scotia purchased a new position in shares of Global X Copper Miners ETF during the 3rd quarter valued at approximately $92,947,000. Bank of America Corp DE lifted its position in shares of 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 valued at $65,110,000 after buying an additional 594,279 shares in the last quarter. Wealth High Governance Capital Ltda acquired a new stake in Global X Copper Miners ETF in the 3rd quarter valued at $32,297,000. Finally, Merewether Investment Management LP purchased a new stake in Global X Copper Miners ETF in the 3rd quarter worth $22,698,000.
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.