Global X Guru Index ETF (NYSEARCA:GURU) Trading Down 1.2% – Here’s Why

Global X Guru Index ETF (NYSEARCA:GURU)’s share price traded down 1.2% on Friday . The stock traded as low as $50.36 and last traded at $50.50. 814 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 2,126 shares. The stock had previously closed at $51.12.

Global X Guru Index ETF Price Performance

The firm has a market cap of $49.49 million, a price-to-earnings ratio of 15.97 and a beta of 1.00. The stock’s fifty day moving average price is $51.05 and its 200-day moving average price is $47.19.

Institutional Inflows and Outflows

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