United States Copper Index Fund (NYSEARCA:CPER – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.78 and last traded at $40.7750, with a volume of 378613 shares changing hands. The stock had previously closed at $40.14.
United States Copper Index Fund Stock Performance
The stock has a market cap of $791.34 million, a PE ratio of 3.31 and a beta of 0.48. The business’s fifty day moving average price is $38.47 and its 200-day moving average price is $37.03.
Hedge Funds Weigh In On United States Copper Index Fund
Several large investors have recently made changes to their positions in CPER. Webster Bank N. A. grew its position in shares of United States Copper Index Fund by 70.0% during the first quarter. Webster Bank N. A. now owns 850 shares of the company’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. UBS Group AG raised its position in shares of United States Copper Index Fund by 0.9% during the fourth quarter. UBS Group AG now owns 85,382 shares of the company’s stock valued at $2,985,000 after buying an additional 735 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of United States Copper Index Fund by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 53,837 shares of the company’s stock worth $1,854,000 after buying an additional 750 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of United States Copper Index Fund during the first quarter worth $30,000. Finally, Geneos Wealth Management Inc. purchased a new position in United States Copper Index Fund during the fourth quarter valued at $31,000.
About United States Copper Index Fund
The United States Copper Index Fund, LP (CPER) is an exchange-traded fund that is based on the SummerHaven Copper index. The fund tracks a rules-based index of copper futures contracts selected based on the shape of the copper futures curve. CPER was launched on Nov 15, 2011 and is managed by US Commodity Funds.
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