Parsons Capital Management Inc. RI Reduces Stock Holdings in Global X Copper Miners ETF (NYSEARCA:COPX)

Parsons Capital Management Inc. RI reduced its stake in shares of Global X Copper Miners ETF (NYSEARCA:COPX) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,250 shares of the company’s stock after selling 8,506 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Global X Copper Miners ETF were worth $888,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp increased its position in shares of Global X Copper Miners ETF by 2.9% during the second quarter. Truist Financial Corp now owns 13,070 shares of the company’s stock valued at $590,000 after buying an additional 370 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Global X Copper Miners ETF by 8.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,190 shares of the company’s stock valued at $234,000 after acquiring an additional 384 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Global X Copper Miners ETF by 0.7% during the 3rd quarter. National Bank of Canada FI now owns 57,871 shares of the company’s stock worth $2,736,000 after acquiring an additional 405 shares during the period. Pekin Hardy Strauss Inc. raised its position in shares of Global X Copper Miners ETF by 3.6% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 12,952 shares of the company’s stock worth $612,000 after acquiring an additional 450 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Global X Copper Miners ETF by 524.0% in the 3rd quarter. Allworth Financial LP now owns 599 shares of the company’s stock valued at $28,000 after purchasing an additional 503 shares during the period.

Global X Copper Miners ETF Stock Down 2.1 %

NYSEARCA COPX opened at $39.10 on Tuesday. The firm has a market capitalization of $1.84 billion, a PE ratio of 11.68 and a beta of 1.21. The stock’s 50 day moving average is $40.53 and its 200 day moving average is $42.50. Global X Copper Miners ETF has a twelve month low of $33.90 and a twelve month 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.