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

Global X Guru Index ETF (NYSEARCA:GURU) shares rose 0.2% during trading on Monday . The stock traded as high as $65.03 and last traded at $64.84. Approximately 2,334 shares changed hands during trading, an increase of 34% from the average daily volume of 1,740 shares. The stock had previously closed at $64.70.

Global X Guru Index ETF Trading Up 0.2%

The firm has a market capitalization of $59.00 million, a P/E ratio of 21.69 and a beta of 1.00. The stock has a 50-day simple moving average of $61.42 and a two-hundred day simple moving average of $61.83.

Institutional Trading of Global X Guru Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC lifted its stake in Global X Guru Index ETF by 4.3% in the fourth quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock worth $1,089,000 after acquiring an additional 715 shares during the period. IFP Advisors Inc grew its holdings in 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 acquiring an additional 309 shares in the last quarter. Raymond James Financial Inc. increased its position in Global X Guru Index ETF by 45.1% during the 3rd 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. Fulcrum Equity Management purchased a new position in Global X Guru Index ETF during the 4th quarter valued at about $258,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Global X Guru Index ETF in the 1st quarter valued at about $51,000.

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.