Summit Securities Group LLC Cuts Holdings in Global X Copper Miners ETF $COPX

Summit Securities Group LLC reduced its holdings in Global X Copper Miners ETF (NYSEARCA:COPX) by 97.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700 shares of the company’s stock after selling 23,300 shares during the quarter. Summit Securities Group LLC’s holdings in Global X Copper Miners ETF were worth $53,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of COPX. Ibex Wealth Advisors purchased a new stake in shares of Global X Copper Miners ETF in the first quarter valued at approximately $628,000. Kestra Advisory Services LLC raised its position in Global X Copper Miners ETF by 17.1% in the first quarter. Kestra Advisory Services LLC now owns 33,928 shares of the company’s stock worth $2,590,000 after acquiring an additional 4,961 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Global X Copper Miners ETF in the first quarter valued at $305,000. Quantum Portfolio Management LLC lifted its holdings in Global X Copper Miners ETF by 114.6% in the first quarter. Quantum Portfolio Management LLC now owns 6,413 shares of the company’s stock valued at $490,000 after acquiring an additional 3,425 shares during the period. Finally, Clare Market Investments LLC purchased a new stake in shares of Global X Copper Miners ETF during the 1st quarter worth $694,000.

Global X Copper Miners ETF Price Performance

Shares of NYSEARCA COPX traded up $1.14 during trading on Friday, hitting $76.54. 1,242,589 shares of the company were exchanged, compared to its average volume of 4,714,703. Global X Copper Miners ETF has a 1 year low of $41.94 and a 1 year high of $99.99. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 18.04 and a beta of 1.08. The firm’s fifty day moving average price is $82.77 and its 200 day moving average price is $82.08.

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.