Summit Financial LLC Makes New Investment in Global X Copper Miners ETF (NYSEARCA:COPX)

Summit Financial LLC acquired a new stake in 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 (SEC). The fund acquired 37,500 shares of the company’s stock, valued at approximately $1,452,000. Summit Financial LLC owned about 0.08% of Global X Copper Miners ETF at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Elo Mutual Pension Insurance Co acquired a new stake in shares of Global X Copper Miners ETF during the fourth quarter worth about $4,445,000. Ipsen Advisor Group LLC acquired a new stake in Global X Copper Miners ETF during the 4th quarter worth approximately $1,414,000. LPL Financial LLC grew its stake in shares of Global X Copper Miners ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 302,564 shares of the company’s stock valued at $11,552,000 after purchasing an additional 29,213 shares during the last quarter. Simplex Trading LLC increased its holdings in shares of Global X Copper Miners ETF by 94.9% in the fourth quarter. Simplex Trading LLC now owns 25,872 shares of the company’s stock valued at $987,000 after purchasing an additional 12,596 shares during the period. Finally, Guardian Partners Inc. purchased a new stake in shares of Global X Copper Miners ETF during the fourth quarter worth approximately $686,000.

Global X Copper Miners ETF Price Performance

NYSEARCA:COPX opened at $39.34 on Wednesday. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 15.18 and a beta of 1.23. The firm’s fifty day moving average price is $40.20 and its 200 day moving average price is $41.86. Global X Copper Miners ETF has a 1-year low of $36.79 and a 1-year high of $52.90.

Global X Copper Miners ETF 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.