Global X Guru Index ETF (NYSEARCA:GURU) Shares Down 1.1% – What’s Next?

Global X Guru Index ETF (NYSEARCA:GURU) fell 1.1% during trading on Monday . The stock traded as low as $62.75 and last traded at $62.75. 1,628 shares changed hands during trading, a decline of 19% from the average session volume of 2,004 shares. The stock had previously closed at $63.47.

Global X Guru Index ETF Stock Performance

The firm’s 50-day moving average price is $60.88 and its two-hundred day moving average price is $57.06. The stock has a market cap of $58.08 million, a price-to-earnings ratio of 21.69 and a beta of 1.03.

Institutional Trading of Global X Guru Index ETF

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of Global X Guru Index ETF by 2.2% during the 3rd quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock worth $840,000 after buying an additional 309 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Global X Guru Index ETF during the third quarter worth $37,000. Jones Financial Companies Lllp acquired a new stake in Global X Guru Index ETF during the first quarter worth $51,000. Finally, Raymond James Financial Inc. raised its position in Global X Guru Index ETF by 45.1% in the third quarter. Raymond James Financial Inc. now owns 4,905 shares of the company’s stock valued at $292,000 after purchasing an additional 1,524 shares during the period.

Global X Guru Index ETF Company Profile

The Global X Guru Index ETF (GURU) is an exchange-traded fund that is based on the Solactive Guru index. The fund tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in public filings. GURU was launched on Jun 4, 2012 and is managed by Global X.