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

Global X Guru Index ETF (NYSEARCA:GURU) was down 0.2% during trading on Monday . The company traded as low as $69.55 and last traded at $69.59. 657 shares changed hands during trading, a decline of 55% from the average daily volume of 1,469 shares. The stock had previously closed at $69.73.

Global X Guru Index ETF Stock Down 0.2%

The company has a market cap of $63.33 million, a P/E ratio of 21.69 and a beta of 1.00. The company’s 50-day moving average is $68.04 and its two-hundred day moving average is $64.40.

Institutional Investors Weigh In On Global X Guru Index ETF

Several large investors have recently modified their holdings of GURU. Northwestern Mutual Wealth Management Co. purchased a new position in Global X Guru Index ETF in the third quarter valued at approximately $37,000. Jones Financial Companies Lllp bought a new position in Global X Guru Index ETF during the first quarter valued at $51,000. Raymond James Financial Inc. purchased a new stake in Global X Guru Index ETF in the second quarter worth $181,000. Finally, LPL Financial LLC raised its stake in shares of Global X Guru Index ETF by 4.3% in the fourth quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock valued at $1,089,000 after buying an additional 715 shares during the period.

Global X Guru Index ETF Company Profile

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.