Global X Guru Index ETF (NYSEARCA:GURU) Trading 1.1% Higher – What’s Next?

Global X Guru Index ETF (NYSEARCA:GURU)’s share price rose 1.1% on Monday . The stock traded as high as $64.19 and last traded at $64.14. Approximately 1,282 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 1,997 shares. The stock had previously closed at $63.44.

Global X Guru Index ETF Stock Performance

The stock has a market cap of $59.01 million, a price-to-earnings ratio of 21.69 and a beta of 1.03. The business’s 50 day moving average is $61.83 and its 200 day moving average is $58.18.

Institutional Investors Weigh In On Global X Guru Index ETF

Several institutional investors have recently made changes to their positions in GURU. IFP Advisors Inc lifted its stake in Global X Guru Index ETF by 2.2% in the third quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock valued at $840,000 after acquiring an additional 309 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of 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 in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Global X Guru Index ETF in the 1st quarter valued at $51,000. Finally, Northwestern Mutual Wealth Management Co. acquired 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.