Global X Guru Index ETF (NYSEARCA:GURU) Trading Up 1.8% – What’s Next?

Global X Guru Index ETF (NYSEARCA:GURU)’s share price shot up 1.8% during mid-day trading on Monday . The company traded as high as $59.44 and last traded at $59.05. 2,081 shares traded hands during trading, an increase of 13% from the average session volume of 1,836 shares. The stock had previously closed at $57.99.

Global X Guru Index ETF Stock Performance

The firm has a fifty day moving average price of $61.07 and a 200 day moving average price of $61.32. The company has a market cap of $55.39 million, a price-to-earnings ratio of 21.69 and a beta of 1.03.

Institutional Trading of Global X Guru Index ETF

A number of large investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of 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 valued at $1,089,000 after acquiring an additional 715 shares during the period. Fulcrum Equity Management bought a new stake in shares of Global X Guru Index ETF in the 4th quarter valued at about $258,000. IFP Advisors Inc lifted its stake in 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 valued at $840,000 after purchasing an additional 309 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Global X Guru Index ETF during the third quarter worth about $37,000. Finally, Raymond James Financial Inc. grew 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 period.

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.