Global X Guru Index ETF (NYSEARCA:GURU) Trading Down 0.8% – What’s Next?

Global X Guru Index ETF (NYSEARCA:GURU) shares were down 0.8% during trading on Monday . The stock traded as low as $67.14 and last traded at $67.14. Approximately 412 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 1,496 shares. The stock had previously closed at $67.65.

Global X Guru Index ETF Trading Down 0.1%

The company has a 50 day simple moving average of $67.44 and a 200-day simple moving average of $63.84. The stock has a market cap of $61.97 million, a price-to-earnings ratio of 21.69 and a beta of 0.99.

Institutional Investors Weigh In On Global X Guru Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GURU. IFP Advisors Inc grew its stake 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 acquiring an additional 309 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global X Guru Index ETF in the third quarter worth $37,000. LPL Financial LLC boosted its holdings in Global X Guru Index ETF by 4.3% during the fourth quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock worth $1,089,000 after purchasing an additional 715 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Global X Guru Index ETF during the first quarter worth $51,000. Finally, Raymond James Financial Inc. boosted its holdings in Global X Guru Index ETF by 45.1% during the third quarter. Raymond James Financial Inc. now owns 4,905 shares of the company’s stock worth $292,000 after purchasing an additional 1,524 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.