Global X Guru Index ETF (NYSEARCA:GURU) Trading Up 1.3% – Here’s What Happened

Global X Guru Index ETF (NYSEARCA:GURU)’s stock price traded up 1.3% during trading on Monday . The stock traded as high as $69.20 and last traded at $69.02. 1,098 shares were traded during trading, a decline of 31% from the average daily volume of 1,591 shares. The stock had previously closed at $68.11.

Global X Guru Index ETF Stock Performance

The company has a market capitalization of $62.81 million, a price-to-earnings ratio of 21.69 and a beta of 1.00. The firm’s 50-day simple moving average is $65.71 and its 200-day simple moving average is $63.06.

Institutional Investors Weigh In On Global X Guru Index ETF

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Global X Guru Index ETF during the third quarter worth about $37,000. Jones Financial Companies Lllp acquired a new position in Global X Guru Index ETF in the 1st quarter valued at approximately $51,000. Raymond James Financial Inc. acquired a new position in Global X Guru Index ETF in the 2nd quarter valued at approximately $181,000. Fulcrum Equity Management bought a new stake in shares of Global X Guru Index ETF in the 4th quarter worth approximately $258,000. Finally, IFP Advisors Inc lifted its position in shares of Global X Guru Index ETF by 2.2% in 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 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.