Global X Copper Miners ETF (NYSEARCA:COPX) Hits New 52-Week High at $47.29

Global X Copper Miners ETF (NYSEARCA:COPX)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $47.29 and last traded at $47.19, with a volume of 1105836 shares changing hands. The stock had previously closed at $45.98.

Global X Copper Miners ETF Trading Up 3.3 %

The firm’s fifty day moving average price is $41.32 and its 200 day moving average price is $37.39. The firm has a market capitalization of $2.18 billion, a PE ratio of 11.74 and a beta of 1.25.

Hedge Funds Weigh In On Global X Copper Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fielder Capital Group LLC grew its holdings in shares of Global X Copper Miners ETF by 18.3% during the 1st quarter. Fielder Capital Group LLC now owns 348,921 shares of the company’s stock valued at $14,805,000 after acquiring an additional 53,886 shares in the last quarter. U S Global Investors Inc. boosted its holdings in Global X Copper Miners ETF by 20.0% in the first quarter. U S Global Investors Inc. now owns 2,400 shares of the company’s stock worth $102,000 after purchasing an additional 400 shares in the last quarter. Valley National Advisers Inc. bought a new stake in Global X Copper Miners ETF in the first quarter worth $94,000. Pettinga Financial Advisors LLC boosted its holdings in Global X Copper Miners ETF by 25.0% in the first quarter. Pettinga Financial Advisors LLC now owns 21,290 shares of the company’s stock worth $903,000 after purchasing an additional 4,263 shares in the last quarter. Finally, Legend Financial Advisors Inc. boosted its holdings in Global X Copper Miners ETF by 4.1% in the first quarter. Legend Financial Advisors Inc. now owns 213,239 shares of the company’s stock worth $9,048,000 after purchasing an additional 8,452 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.