Birch Hill Investment Advisors LLC Raises Stock Position in Global X Copper Miners ETF (NYSEARCA:COPX)

Birch Hill Investment Advisors LLC grew its stake in Global X Copper Miners ETF (NYSEARCA:COPX) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 28,880 shares of the company’s stock after buying an additional 1,191 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Global X Copper Miners ETF were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COPX. Legend Financial Advisors Inc. raised its position in Global X Copper Miners ETF by 2.2% during the fourth quarter. Legend Financial Advisors Inc. now owns 215,868 shares of the company’s stock worth $8,242,000 after acquiring an additional 4,561 shares during the period. Millennium Management LLC purchased a new stake in Global X Copper Miners ETF during the 2nd quarter worth approximately $5,629,000. Barclays PLC boosted its stake in shares of Global X Copper Miners ETF by 245.8% in the third quarter. Barclays PLC now owns 122,780 shares of the company’s stock worth $5,804,000 after acquiring an additional 87,278 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Global X Copper Miners ETF by 16.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 100,087 shares of the company’s stock valued at $4,731,000 after purchasing an additional 13,826 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in Global X Copper Miners ETF in the 3rd quarter valued at $4,047,000.

Global X Copper Miners ETF Stock Up 1.8 %

Global X Copper Miners ETF stock opened at $41.17 on Friday. The company has a fifty day simple moving average of $39.87 and a 200-day simple moving average of $42.11. The firm has a market capitalization of $1.93 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.

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.