Global X Guru Index ETF (NYSEARCA:GURU) Trading Down 0.8% – Here’s Why

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

Global X Guru Index ETF Trading Down 0.8%

The company’s 50-day moving average is $67.37 and its 200 day moving average is $63.80. The firm has a market cap of $61.10 million, a PE ratio of 21.69 and a beta of 0.99.

Institutional Trading of Global X Guru Index ETF

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Global X Guru Index ETF in the third quarter worth $37,000. Jones Financial Companies Lllp acquired a new position in Global X Guru Index ETF during the first quarter valued at $51,000. Raymond James Financial Inc. acquired a new position in Global X Guru Index ETF during the second quarter valued at $181,000. IFP Advisors Inc raised its position in Global X Guru Index ETF by 2.2% during the third quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock valued at $840,000 after buying an additional 309 shares during the period. Finally, LPL Financial LLC lifted its stake in Global X Guru Index ETF by 4.3% in the 4th quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock worth $1,089,000 after acquiring an additional 715 shares in the last quarter.

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.