Global X Guru Index ETF (NYSEARCA:GURU) Trading Up 0.7% – Still a Buy?

Global X Guru Index ETF (NYSEARCA:GURU)’s share price traded up 0.7% during mid-day trading on Wednesday . The stock traded as high as $53.85 and last traded at $53.85. 8,293 shares changed hands during trading, an increase of 351% from the average session volume of 1,840 shares. The stock had previously closed at $53.48.

Global X Guru Index ETF Stock Performance

The company has a market capitalization of $49.00 million, a P/E ratio of 21.56 and a beta of 1.07. The company’s fifty day simple moving average is $51.33 and its 200-day simple moving average is $50.42.

Institutional Investors Weigh In On Global X Guru Index ETF

A hedge fund recently bought a new stake in Global X Guru Index ETF stock. Jones Financial Companies Lllp acquired a new position in Global X Guru Index ETF (NYSEARCA:GURU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,042 shares of the company’s stock, valued at approximately $51,000. Jones Financial Companies Lllp owned approximately 0.12% of Global X Guru Index ETF as of its most recent SEC filing.

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.