HITE Hedge Asset Management LLC Makes New $243,000 Investment in Global X Copper Miners ETF (NYSEARCA:COPX)

HITE Hedge Asset Management LLC bought a new stake in shares of Global X Copper Miners ETF (NYSEARCA:COPX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,142 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds have also bought and sold shares of COPX. BNP Paribas Financial Markets boosted its holdings in Global X Copper Miners ETF by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 31,568 shares of the company’s stock worth $1,492,000 after acquiring an additional 8,550 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in shares of Global X Copper Miners ETF by 3.6% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 12,952 shares of the company’s stock valued at $612,000 after buying an additional 450 shares during the period. Great Valley Advisor Group Inc. acquired a new position in shares of Global X Copper Miners ETF in the third quarter worth $240,000. Mizuho Markets Americas LLC grew its position in Global X Copper Miners ETF by 180.9% during the third quarter. Mizuho Markets Americas LLC now owns 22,985 shares of the company’s stock valued at $1,087,000 after acquiring an additional 14,802 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its stake in shares of Global X Copper Miners ETF by 20.7% in the third quarter. OneDigital Investment Advisors LLC now owns 6,161 shares of the company’s stock worth $291,000 after acquiring an additional 1,055 shares in the last quarter.

Global X Copper Miners ETF Stock Performance

Shares of COPX opened at $42.34 on Tuesday. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 11.68 and a beta of 1.21. Global X Copper Miners ETF has a 52-week low of $33.90 and a 52-week high of $52.90. The stock’s 50-day simple moving average is $44.73 and its 200 day simple moving average is $44.40.

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.