Parsons Capital Management Inc. RI Makes New $1.43 Million Investment in Global X Copper Miners ETF (NYSEARCA:COPX)

Parsons Capital Management Inc. RI bought a new position in Global X Copper Miners ETF (NYSEARCA:COPX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 31,652 shares of the company’s stock, valued at approximately $1,428,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of COPX. Scarborough Advisors LLC purchased a new position in shares of Global X Copper Miners ETF during the fourth quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Global X Copper Miners ETF during the 2nd quarter worth $27,000. Baldwin Brothers LLC MA purchased a new position in Global X Copper Miners ETF in the second quarter worth $50,000. Valley National Advisers Inc. purchased a new stake in Global X Copper Miners ETF during the first quarter valued at about $94,000. Finally, U S Global Investors Inc. boosted its holdings in shares of Global X Copper Miners ETF by 20.0% in the 1st quarter. U S Global Investors Inc. now owns 2,400 shares of the company’s stock worth $102,000 after purchasing an additional 400 shares in the last quarter.

Global X Copper Miners ETF Stock Performance

COPX stock opened at $43.21 on Tuesday. Global X Copper Miners ETF has a one year low of $31.65 and a one year high of $52.90. The company has a market capitalization of $2.03 billion, a PE ratio of 11.68 and a beta of 1.21. The company’s 50 day moving average price is $43.94 and its two-hundred day moving average price is $43.24.

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.