Smart Portfolios LLC Sells 2,872 Shares of Global X Copper Miners ETF (NYSEARCA:COPX)

Smart Portfolios LLC lowered its position in shares of Global X Copper Miners ETF (NYSEARCA:COPX) by 15.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 15,653 shares of the company’s stock after selling 2,872 shares during the quarter. Smart Portfolios LLC’s holdings in Global X Copper Miners ETF were worth $740,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in Global X Copper Miners ETF by 2.9% during the 2nd quarter. Truist Financial Corp now owns 13,070 shares of the company’s stock valued at $590,000 after acquiring an additional 370 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Global X Copper Miners ETF by 8.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,190 shares of the company’s stock valued at $234,000 after purchasing an additional 384 shares during the period. Aptus Capital Advisors LLC lifted its position in 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. Allworth Financial LP boosted its holdings in Global X Copper Miners ETF by 524.0% in the third quarter. Allworth Financial LP now owns 599 shares of the company’s stock worth $28,000 after purchasing an additional 503 shares during the last quarter. Finally, Realta Investment Advisors bought a new stake in Global X Copper Miners ETF in the 3rd quarter worth approximately $25,000.

Global X Copper Miners ETF Stock Performance

Shares of NYSEARCA COPX traded down $2.07 during midday trading on Wednesday, hitting $43.58. 975,065 shares of the stock traded hands, compared to its average volume of 1,324,486. The firm has a market capitalization of $2.05 billion, a P/E 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 firm has a 50-day moving average of $44.28 and a two-hundred day moving average of $45.00.

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.