Global X Guru Index ETF (NYSEARCA:GURU) Trading 1.1% Higher – Time to Buy?

Global X Guru Index ETF (NYSEARCA:GURU)’s share price was up 1.1% during trading on Monday . The company traded as high as $64.19 and last traded at $64.14. Approximately 1,282 shares traded 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 Trading Up 0.4%

The firm has a market capitalization of $59.07 million, a price-to-earnings ratio of 21.69 and a beta of 1.03. The firm has a 50 day moving average price of $62.00 and a two-hundred day moving average price of $58.30.

Institutional Investors Weigh In On Global X Guru Index ETF

Several institutional investors have recently bought and sold shares of GURU. IFP Advisors Inc purchased a new stake in Global X Guru Index ETF during the 2nd quarter worth $740,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global X Guru Index ETF in the 3rd quarter worth about $37,000. Raymond James Financial Inc. raised its stake 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 valued at $292,000 after buying an additional 1,524 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Global X Guru Index ETF during the 1st quarter valued at approximately $51,000.

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.