Global X Guru Index ETF (NYSEARCA:GURU) Shares Up 0.2% – Here’s Why

Global X Guru Index ETF (NYSEARCA:GURU) shares rose 0.2% during mid-day trading on Monday . The company traded as high as $65.03 and last traded at $64.84. Approximately 2,334 shares changed hands during trading, an increase of 34% from the average daily volume of 1,740 shares. The stock had previously closed at $64.70.

Global X Guru Index ETF Trading Up 0.2%

The company has a 50-day simple moving average of $61.42 and a 200 day simple moving average of $61.83. The company has a market cap of $59.00 million, a P/E ratio of 21.69 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GURU. IFP Advisors Inc increased 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 worth $840,000 after buying an additional 309 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global X Guru Index ETF during the third quarter valued at approximately $37,000. LPL Financial LLC raised its stake in shares of Global X Guru Index ETF by 4.3% during the fourth 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 in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Global X Guru Index ETF in the first quarter valued at approximately $51,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Global X Guru Index ETF by 45.1% in the third 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 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.