JPMorgan Chase & Co. Trims Stock Position in Global X Copper Miners ETF (NYSEARCA:COPX)

JPMorgan Chase & Co. reduced its holdings in shares of Global X Copper Miners ETF (NYSEARCA:COPX) by 26.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,297,398 shares of the company’s stock after selling 473,487 shares during the period. JPMorgan Chase & Co. owned about 2.76% of Global X Copper Miners ETF worth $61,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC boosted its holdings in Global X Copper Miners ETF by 649.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,088 shares of the company’s stock worth $1,517,000 after buying an additional 27,805 shares during the period. Virtu Financial LLC purchased a new stake in Global X Copper Miners ETF during the 3rd quarter valued at approximately $566,000. Barclays PLC raised its position in shares of Global X Copper Miners ETF by 245.8% during the third quarter. Barclays PLC now owns 122,780 shares of the company’s stock valued at $5,804,000 after buying an additional 87,278 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Global X Copper Miners ETF by 7.3% in the third quarter. MML Investors Services LLC now owns 24,443 shares of the company’s stock worth $1,155,000 after buying an additional 1,658 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Global X Copper Miners ETF by 0.7% during the third quarter. National Bank of Canada FI now owns 57,871 shares of the company’s stock worth $2,736,000 after acquiring an additional 405 shares during the last quarter.

Global X Copper Miners ETF Stock Performance

Shares of NYSEARCA COPX opened at $38.96 on Friday. The company has a market cap of $1.83 billion, a P/E 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 firm’s fifty day moving average is $41.78 and its two-hundred day moving average is $43.23.

Global X Copper Miners ETF 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.