Ipsen Advisor Group LLC Takes $1.41 Million Position in Global X Copper Miners ETF (NYSEARCA:COPX)

Ipsen Advisor Group LLC purchased a new position in shares of Global X Copper Miners ETF (NYSEARCA:COPX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 37,023 shares of the company’s stock, valued at approximately $1,414,000. Global X Copper Miners ETF accounts for 1.2% of Ipsen Advisor Group LLC’s investment portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of COPX. Oppenheimer & Co. Inc. boosted its stake in shares of 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 worth $338,000 after buying an additional 1,333 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Global X Copper Miners ETF during the 4th quarter worth approximately $55,000. IFP Advisors Inc lifted its position in Global X Copper Miners ETF by 166.7% during the 4th quarter. IFP Advisors Inc now owns 1,600 shares of the company’s stock worth $61,000 after acquiring an additional 1,000 shares during the period. SG Americas Securities LLC grew its stake in shares of Global X Copper Miners ETF by 173.7% in the 4th 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings 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 purchasing an additional 250 shares during the period.

Global X Copper Miners ETF Price Performance

Shares of NYSEARCA COPX opened at $43.32 on Wednesday. The stock has a fifty day moving average price of $40.15 and a 200 day moving average price of $41.85. Global X Copper Miners ETF has a 1-year low of $36.79 and a 1-year high of $52.90. The company has a market cap of $2.92 billion, a PE ratio of 16.06 and a beta of 1.35.

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.