Valley National Advisers Inc. Takes Position in Global X Copper Miners ETF (NYSEARCA:COPX)

Valley National Advisers Inc. purchased a new stake in Global X Copper Miners ETF (NYSEARCA:COPX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,222 shares of the company’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors also recently modified their holdings of COPX. OLD Mission Capital LLC lifted its holdings in Global X Copper Miners ETF by 362.4% during the 4th quarter. OLD Mission Capital LLC now owns 879,087 shares of the company’s stock worth $32,966,000 after buying an additional 688,987 shares during the period. Wolf Hill Capital Management LP acquired a new position in Global X Copper Miners ETF during the 4th quarter worth about $20,286,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Global X Copper Miners ETF by 22.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,701,284 shares of the company’s stock worth $101,298,000 after buying an additional 502,497 shares during the period. Fielder Capital Group LLC acquired a new position in Global X Copper Miners ETF during the 4th quarter worth about $11,064,000. Finally, Virtu Financial LLC acquired a new position in Global X Copper Miners ETF during the 4th quarter worth about $6,321,000.

Global X Copper Miners ETF Stock Up 3.5 %

COPX traded up $1.58 during midday trading on Wednesday, hitting $47.22. 1,159,685 shares of the company were exchanged, compared to its average volume of 1,259,816. The firm has a market capitalization of $2.22 billion, a P/E ratio of 11.68 and a beta of 1.21. Global X Copper Miners ETF has a 1-year low of $31.65 and a 1-year high of $52.90. The firm’s 50 day moving average price is $47.04 and its 200-day moving average price is $41.70.

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.