Global X Copper Miners ETF $COPX is Northwestern Mutual Wealth Management Co.’s 2nd Largest Position

Northwestern Mutual Wealth Management Co. grew its stake in Global X Copper Miners ETF (NYSEARCA:COPX) by 359,496.5% in the fourth quarter, Holdings Channel reports. The fund owned 216,858,244 shares of the company’s stock after purchasing an additional 216,797,938 shares during the period. Global X Copper Miners ETF accounts for about 7.6% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 2nd largest holding. Northwestern Mutual Wealth Management Co. owned 2.59% of Global X Copper Miners ETF worth $15,568,253,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PCG Wealth Advisors LLC raised its position in Global X Copper Miners ETF by 63.2% in the fourth quarter. PCG Wealth Advisors LLC now owns 108,278 shares of the company’s stock valued at $7,773,000 after purchasing an additional 41,947 shares during the period. Ameritas Advisory Services LLC purchased a new position in Global X Copper Miners ETF in the 4th quarter valued at approximately $1,261,000. West Tower Group LLC purchased a new position in Global X Copper Miners ETF in the fourth quarter valued at $287,000. Meridian Wealth Management LLC grew its position in shares of Global X Copper Miners ETF by 8.4% during the fourth quarter. Meridian Wealth Management LLC now owns 4,202 shares of the company’s stock worth $302,000 after buying an additional 327 shares in the last quarter. Finally, Trek Financial LLC grew its holdings in Global X Copper Miners ETF by 10.4% during the 4th quarter. Trek Financial LLC now owns 99,781 shares of the company’s stock worth $7,163,000 after acquiring an additional 9,370 shares in the last quarter.

Global X Copper Miners ETF Price Performance

NYSEARCA:COPX opened at $83.05 on Friday. Global X Copper Miners ETF has a 12 month low of $39.04 and a 12 month high of $99.99. The firm has a market capitalization of $7.78 billion, a PE ratio of 18.04 and a beta of 1.03. The business’s fifty day moving average price is $80.44 and its 200 day moving average price is $76.86.

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.