Banco BTG Pactual S.A. Lowers Holdings in Global X Copper Miners ETF (NYSEARCA:COPX)

Banco BTG Pactual S.A. reduced its stake in shares of Global X Copper Miners ETF (NYSEARCA:COPX) by 15.5% during the 4th quarter, HoldingsChannel reports. The fund owned 15,010 shares of the company’s stock after selling 2,750 shares during the period. Banco BTG Pactual S.A.’s holdings in Global X Copper Miners ETF were worth $578,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of COPX. Barclays PLC raised its stake in Global X Copper Miners ETF by 245.8% during the third quarter. Barclays PLC now owns 122,780 shares of the company’s stock worth $5,804,000 after purchasing an additional 87,278 shares during the period. Wealthfront Advisers LLC acquired a new position in Global X Copper Miners ETF in the fourth quarter valued at $3,113,000. Lake Hills Wealth Management LLC purchased a new stake in Global X Copper Miners ETF during the fourth quarter valued at about $2,073,000. Raymond James Financial Inc. purchased a new stake in Global X Copper Miners ETF during the fourth quarter valued at about $1,958,000. Finally, Proficio Capital Partners LLC acquired a new stake in Global X Copper Miners ETF during the fourth quarter worth about $1,465,000.

Global X Copper Miners ETF Price Performance

NYSEARCA COPX opened at $43.32 on Wednesday. Global X Copper Miners ETF has a 1-year low of $36.79 and a 1-year high of $52.90. The firm has a market capitalization of $2.92 billion, a P/E ratio of 16.06 and a beta of 1.35. The business’s 50-day simple moving average is $40.15 and its 200-day simple moving average is $41.85.

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.