Global X Guru Index ETF (NYSEARCA:GURU) Shares Up 1.1% – Here’s What Happened

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

Global X Guru Index ETF Trading Up 1.1%

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

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 business. Northwestern Mutual Wealth Management Co. purchased a new position in Global X Guru Index ETF in the third quarter worth $37,000. Jones Financial Companies Lllp purchased a new position in Global X Guru Index ETF during the first quarter worth $51,000. Raymond James Financial Inc. purchased a new position in Global X Guru Index ETF in the 2nd quarter valued at about $181,000. Finally, IFP Advisors Inc purchased a new position in shares of Global X Guru Index ETF during the 2nd quarter worth $740,000.

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.