Gemmer Asset Management 13F: New $531K Stake in COPX

Gemmer Asset Management has taken a new position in the Global X Copper Miners ETF (COPX) with a purchase of 6,265 shares valued at about $530,646, as disclosed in a filing on October 16, 2026. This marks the firm's entry into the ETF, which focuses on companies engaged in copper mining.

What Changed in Gemmer Asset Management's Global X Copper Miners ETF Position

Gemmer Asset Management's new stake in COPX consists of 6,265 shares. This position is a fresh addition, as the firm previously held no shares in the ETF. The purchase reflects a growing interest in the copper mining sector, which can be tied to ongoing global demands.

Global X Copper Miners ETF Stock Down 1.2%

Currently, COPX is trading at about $79.83, which is below its 50-day moving average of $88.03 and 4.4% below its 200-day average of $83.47. The ETF is also 20.2% below its 52-week high of $99.99, indicating a pullback from its recent peak, but it remains 40.2% above its 52-week low of $56.93.

Analysts Set New Price Targets

No analysts have set new ratings or price targets for COPX recently.

About Global X Copper Miners ETF

The Global X Copper Miners ETF invests at least 80% of its total assets in companies involved in the copper mining industry. The ETF seeks to provide broad exposure to the sector, making it a relevant choice for investors interested in commodities.

Bottom Line

Keep an eye on how COPX performs in the coming months, especially with the next earnings round approaching. This filing shows Gemmer Asset Management's commitment to the copper industry, indicating potential confidence in market trends. Remember that this filing reflects a position as of the reporting period and may not represent the current holdings.