Global X Guru Index ETF (NYSEARCA:GURU) Shares Up 0.6% – Should You Buy?

Global X Guru Index ETF (NYSEARCA:GURU)’s stock price was up 0.6% during trading on Friday . The stock traded as high as $51.51 and last traded at $51.34. Approximately 896 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 2,945 shares. The stock had previously closed at $51.04.

Global X Guru Index ETF Trading Up 0.6 %

The business has a 50 day simple moving average of $51.39 and a two-hundred day simple moving average of $47.99. The stock has a market cap of $50.31 million, a price-to-earnings ratio of 15.97 and a beta of 1.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Guru Index ETF stock. JPMorgan Chase & Co. raised its stake in Global X Guru Index ETF (NYSEARCA:GURU) by 14,285.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,007 shares of the company’s stock after purchasing an additional 1,000 shares during the period. JPMorgan Chase & Co. owned 0.10% of Global X Guru Index ETF worth $48,000 as of its most recent SEC filing.

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.