Avantax Advisory Services Inc. Boosts Holdings in Global X Copper Miners ETF (NYSEARCA:COPX)

Avantax Advisory Services Inc. raised its stake in shares of Global X Copper Miners ETF (NYSEARCA:COPX) by 478.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,662 shares of the company’s stock after purchasing an additional 31,976 shares during the period. Avantax Advisory Services Inc.’s holdings in Global X Copper Miners ETF were worth $1,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its holdings in Global X Copper Miners ETF by 17.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,840 shares of the company’s stock valued at $338,000 after purchasing an additional 1,333 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Global X Copper Miners ETF during the fourth quarter valued at $55,000. IFP Advisors Inc lifted its holdings in Global X Copper Miners ETF by 166.7% during the fourth 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 in the last quarter. SG Americas Securities LLC lifted its holdings in Global X Copper Miners ETF by 173.7% during the fourth quarter. SG Americas Securities LLC now owns 40,424 shares of the company’s stock valued at $1,543,000 after purchasing an additional 25,657 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Global X Copper Miners ETF by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,244 shares of the company’s stock valued at $200,000 after buying an additional 250 shares during the last quarter.

Global X Copper Miners ETF Stock Up 1.1 %

Shares of NYSEARCA COPX opened at $42.65 on Wednesday. The firm has a 50-day simple moving average of $39.82 and a 200-day simple moving average of $41.77. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 16.06 and a beta of 1.35. Global X Copper Miners ETF has a 52 week low of $36.79 and a 52 week 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.