Global X Copper Miners ETF (NYSEARCA:COPX) Position Cut by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its stake in Global X Copper Miners ETF (NYSEARCA:COPX) by 18.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 714,491 shares of the company’s stock after selling 166,354 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 1.52% of Global X Copper Miners ETF worth $32,231,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Global X Copper Miners ETF in the second quarter valued at $27,000. Scarborough Advisors LLC bought a new stake in Global X Copper Miners ETF in the fourth quarter valued at $27,000. Baldwin Brothers LLC MA bought a new stake in Global X Copper Miners ETF in the second quarter valued at $50,000. Aptus Capital Advisors LLC increased its holdings in shares of Global X Copper Miners ETF by 25.2% during the second quarter. Aptus Capital Advisors LLC now owns 2,064 shares of the company’s stock valued at $93,000 after purchasing an additional 415 shares during the period. Finally, Valley National Advisers Inc. acquired a new position in shares of Global X Copper Miners ETF during the first quarter valued at $94,000.

Global X Copper Miners ETF Stock Performance

Shares of COPX opened at $47.25 on Tuesday. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 11.68 and a beta of 1.21. Global X Copper Miners ETF has a one year low of $31.65 and a one year high of $52.90. The stock’s fifty day moving average is $42.24 and its 200-day moving average is $44.60.

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.