United States Copper Index Fund (NYSEARCA:CPER – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $41.41 and last traded at $41.4110, with a volume of 1053770 shares trading hands. The stock had previously closed at $40.67.
United States Copper Index Fund Trading Up 2.0%
The firm has a market capitalization of $775.98 million, a P/E ratio of 3.31 and a beta of 0.49. The company’s fifty day moving average is $39.52 and its 200-day moving average is $37.90.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in United States Copper Index Fund by 480.0% during the 2nd quarter. NewEdge Advisors LLC now owns 725 shares of the company’s stock valued at $27,000 after purchasing an additional 600 shares during the last quarter. Webster Bank N. A. increased its holdings in shares of United States Copper Index Fund by 70.0% during the 1st quarter. Webster Bank N. A. now owns 850 shares of the company’s stock worth $29,000 after purchasing an additional 350 shares during the period. Western Wealth Management LLC acquired a new position in shares of United States Copper Index Fund during the first quarter valued at about $30,000. IFP Advisors Inc acquired a new position in shares of United States Copper Index Fund during the second quarter valued at about $54,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of United States Copper Index Fund in the first quarter valued at about $65,000.
United States Copper Index Fund Company Profile
The United States Copper Index Fund, LP (CPER) is an exchange-traded fund that is based on the SummerHaven Copper index. The fund tracks a rules-based index of copper futures contracts selected based on the shape of the copper futures curve. CPER was launched on Nov 15, 2011 and is managed by US Commodity Funds.
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