Advisory Alpha LLC Invests $414,000 in Global X Copper Miners ETF (NYSEARCA:COPX)

Advisory Alpha LLC purchased a new position in shares of Global X Copper Miners ETF (NYSEARCA:COPX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,173 shares of the company’s stock, valued at approximately $414,000.

Several other hedge funds have also recently made changes to their positions in COPX. Scarborough Advisors LLC acquired a new stake in Global X Copper Miners ETF during the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Global X Copper Miners ETF during the 2nd quarter valued at about $27,000. Baldwin Brothers LLC MA purchased a new position in shares of Global X Copper Miners ETF in the 2nd quarter valued at about $50,000. Aptus Capital Advisors LLC raised its holdings in Global X Copper Miners ETF by 25.2% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,064 shares of the company’s stock worth $93,000 after purchasing an additional 415 shares during the period. Finally, Valley National Advisers Inc. purchased a new position in Global X Copper Miners ETF during the first quarter worth approximately $94,000.

Global X Copper Miners ETF Price Performance

Global X Copper Miners ETF stock opened at $48.13 on Wednesday. The stock has a market capitalization of $2.26 billion, a PE ratio of 11.68 and a beta of 1.21. The business has a 50 day simple moving average of $42.35 and a 200-day simple moving average of $44.65. Global X Copper Miners ETF has a 12 month low of $31.65 and a 12 month high of $52.90.

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.