HITE Hedge Asset Management LLC Invests $2.75 Million in Global X Copper Miners ETF $COPX

HITE Hedge Asset Management LLC bought a new position in shares of Global X Copper Miners ETF (NYSEARCA:COPX) during the fourth quarter, Holdings Channel.com reports. The fund bought 38,231 shares of the company’s stock, valued at approximately $2,745,000.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Global X Copper Miners ETF by 359,496.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 216,858,244 shares of the company’s stock worth $15,568,253,000 after buying an additional 216,797,938 shares in the last quarter. JPMorgan Chase & Co. raised its position in Global X Copper Miners ETF by 16.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock valued at $386,550,000 after buying an additional 766,399 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Global X Copper Miners ETF in the 3rd quarter valued at $92,947,000. Bank of America Corp DE raised its position in Global X Copper Miners ETF by 120.2% in the 3rd quarter. Bank of America Corp DE now owns 1,088,621 shares of the company’s stock valued at $65,110,000 after buying an additional 594,279 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Global X Copper Miners ETF during the 4th quarter worth $56,244,000.

Global X Copper Miners ETF Price Performance

NYSEARCA COPX opened at $85.97 on Friday. Global X Copper Miners ETF has a 1 year low of $41.51 and a 1 year high of $99.99. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 18.04 and a beta of 1.04. The company has a fifty day moving average price of $83.79 and a 200-day moving average price of $80.24.

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.