HITE Hedge Asset Management LLC Purchases Shares of 38,231 Global X Copper Miners ETF $COPX

HITE Hedge Asset Management LLC purchased a new stake in Global X Copper Miners ETF (NYSEARCA:COPX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 38,231 shares of the company’s stock, valued at approximately $2,745,000.

Several other institutional investors have also recently added to or reduced their stakes in COPX. Northwestern Mutual Wealth Management Co. lifted its stake in Global X Copper Miners ETF by 359,496.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 216,858,244 shares of the company’s stock valued at $15,568,253,000 after buying an additional 216,797,938 shares during the period. JPMorgan Chase & Co. raised its position in shares of Global X Copper Miners ETF by 507.7% during the third quarter. JPMorgan Chase & Co. now owns 4,618,057 shares of the company’s stock worth $276,206,000 after purchasing an additional 3,858,174 shares during the period. Bank of Nova Scotia acquired a new position in shares of Global X Copper Miners ETF during the third quarter worth approximately $92,947,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Global X Copper Miners ETF during the fourth quarter worth approximately $56,244,000. Finally, Bank of America Corp DE raised its position in shares of Global X Copper Miners ETF by 120.2% during the third quarter. Bank of America Corp DE now owns 1,088,621 shares of the company’s stock worth $65,110,000 after purchasing an additional 594,279 shares during the period.

Global X Copper Miners ETF Stock Up 3.4%

Shares of NYSEARCA:COPX opened at $85.97 on Friday. Global X Copper Miners ETF has a twelve month low of $41.51 and a twelve month high of $99.99. The stock’s 50 day moving average is $83.79 and its 200-day moving average is $80.24. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 18.04 and a beta of 1.04.

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.