Global X Guru Index ETF (NYSEARCA:GURU) Shares Down 0.2% – Here’s Why

Global X Guru Index ETF (NYSEARCA:GURU)’s share price fell 0.2% on Monday . The company traded as low as $69.55 and last traded at $69.59. Approximately 657 shares were traded during trading, a decline of 55% from the average daily volume of 1,469 shares. The stock had previously closed at $69.73.

Global X Guru Index ETF Trading Down 0.2%

The company has a 50-day moving average price of $68.04 and a two-hundred day moving average price of $64.40. The stock has a market capitalization of $63.33 million, a P/E ratio of 21.69 and a beta of 1.00.

Institutional Investors Weigh In On Global X Guru Index ETF

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Global X Guru Index ETF in the second quarter valued at approximately $181,000. Jones Financial Companies Lllp acquired a new stake in shares of Global X Guru Index ETF during the 1st quarter worth approximately $51,000. LPL Financial LLC increased its stake in shares of Global X Guru Index ETF by 4.3% in the 4th quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock valued at $1,089,000 after acquiring an additional 715 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global X Guru Index ETF in the 3rd quarter valued at $37,000.

About Global X Guru Index ETF

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.