Cetera Investment Advisers Decreases Holdings in Global X Copper Miners ETF (NYSEARCA:COPX)

Cetera Investment Advisers lowered its holdings in Global X Copper Miners ETF (NYSEARCA:COPX) by 74.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 26,398 shares of the company’s stock after selling 78,423 shares during the quarter. Cetera Investment Advisers owned about 0.06% of Global X Copper Miners ETF worth $1,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in COPX. SBI Securities Co. Ltd. purchased a new stake in Global X Copper Miners ETF in the fourth quarter valued at $55,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Global X Copper Miners ETF during the fourth quarter worth about $60,000. IFP Advisors Inc lifted its holdings in shares of Global X Copper Miners ETF by 166.7% in the 4th quarter. IFP Advisors Inc now owns 1,600 shares of the company’s stock valued at $61,000 after purchasing an additional 1,000 shares during the last quarter. Angeles Wealth Management LLC purchased a new stake in shares of Global X Copper Miners ETF in the 4th quarter valued at about $84,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Global X Copper Miners ETF in the 4th quarter valued at about $147,000.

Global X Copper Miners ETF Stock Up 2.9%

NYSEARCA:COPX opened at $41.39 on Friday. The company has a market capitalization of $2.08 billion, a PE ratio of 14.56 and a beta of 1.18. Global X Copper Miners ETF has a 52-week low of $30.77 and a 52-week high of $50.12. The stock’s 50 day moving average price is $38.38 and its 200 day moving average price is $39.76.

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.