Global X Guru Index ETF (NYSEARCA:GURU) Stock Price Down 0.2% – Should You Sell?

Shares of Global X Guru Index ETF (NYSEARCA:GURU) were down 0.2% during trading on Monday . The company traded as low as $69.55 and last traded at $69.59. Approximately 657 shares were traded during mid-day 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 Up 1.0%

The firm has a market capitalization of $64.05 million, a price-to-earnings ratio of 21.69 and a beta of 1.00. The company has a fifty day moving average price of $68.09 and a two-hundred day moving average price of $64.45.

Hedge Funds Weigh In On Global X Guru Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new stake in Global X Guru Index ETF in the 1st quarter valued at $51,000. Raymond James Financial Inc. purchased a new position in shares of Global X Guru Index ETF during the 2nd quarter worth $181,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Global X Guru Index ETF during the 3rd quarter valued at about $37,000. Finally, LPL Financial LLC boosted its position in shares of Global X Guru Index ETF by 4.3% during 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 during the last quarter.

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.