Global X Guru Index ETF (NYSEARCA:GURU) Trading Up 0.6% – Time to Buy?

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

Global X Guru Index ETF Stock Up 0.6 %

The firm has a market cap of $50.31 million, a P/E ratio of 15.97 and a beta of 1.00. The business’s 50 day moving average is $51.39 and its 200-day moving average is $47.96.

Institutional Trading of Global X Guru Index ETF

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

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.