Raymond James Financial Inc. Acquires New Position in Global X Copper Miners ETF (NYSEARCA:COPX)

Raymond James Financial Inc. bought a new position in shares of Global X Copper Miners ETF (NYSEARCA:COPX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 51,278 shares of the company’s stock, valued at approximately $1,958,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COPX. West Oak Capital LLC increased its stake in shares of Global X Copper Miners ETF by 478.3% during the fourth quarter. West Oak Capital LLC now owns 665 shares of the company’s stock worth $25,000 after buying an additional 550 shares during the period. SBI Securities Co. Ltd. acquired a new position in Global X Copper Miners ETF during the 4th quarter worth approximately $55,000. IFP Advisors Inc increased its position in shares of Global X Copper Miners ETF by 166.7% in the 4th quarter. IFP Advisors Inc now owns 1,600 shares of the company’s stock valued at $61,000 after purchasing an additional 1,000 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in shares of Global X Copper Miners ETF in the 4th quarter valued at $84,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Global X Copper Miners ETF in the 4th quarter valued at $147,000.

Global X Copper Miners ETF Trading Down 2.3 %

Shares of COPX stock opened at $39.07 on Tuesday. The company has a market cap of $2.63 billion, a P/E ratio of 16.06 and a beta of 1.35. The firm has a fifty day moving average price of $40.22 and a 200 day moving average price of $41.88. Global X Copper Miners ETF has a 12 month low of $36.79 and a 12 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.