HighTower Advisors LLC reduced its stake in Sprott Junior Copper Miners ETF (NASDAQ:COPJ – Free Report) by 52.8% during the 4th quarter, Holdings Channel reports. The fund owned 24,883 shares of the company’s stock after selling 27,859 shares during the quarter. HighTower Advisors LLC’s holdings in Sprott Junior Copper Miners ETF were worth $978,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Susquehanna International Group LLP acquired a new stake in shares of Sprott Junior Copper Miners ETF in the third quarter valued at $204,000. Envestnet Asset Management Inc. acquired a new stake in shares of Sprott Junior Copper Miners ETF in the third quarter valued at $390,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Sprott Junior Copper Miners ETF in the third quarter valued at $783,000.
Sprott Junior Copper Miners ETF Trading Down 11.0%
Shares of NASDAQ COPJ opened at $40.37 on Friday. The stock has a market cap of $164.31 million, a P/E ratio of 11.67 and a beta of 0.97. Sprott Junior Copper Miners ETF has a 12-month low of $23.02 and a 12-month high of $53.94. The business’s fifty day simple moving average is $42.26 and its 200-day simple moving average is $42.09.
Sprott Junior Copper Miners ETF Profile
The Sprott Junior Copper Miners ETF (COPJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Copper Miners index. The fund seeks to track an index of small copper miners around the globe, primarily those with revenues tied to the mining, development and production of copper. Securities are selected using a fundamental, proprietary methodology and weighted by market cap. COPJ was launched on Feb 1, 2023 and is managed by Sprott.
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Want to see what other hedge funds are holding COPJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Junior Copper Miners ETF (NASDAQ:COPJ – Free Report).
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