Global X Guru Index ETF (NYSEARCA:GURU) Stock Price Down 1.2% – Time to Sell?

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

Global X Guru Index ETF Stock Down 1.2 %

The stock has a fifty day moving average of $51.08 and a two-hundred day moving average of $47.27. The stock has a market cap of $49.49 million, a price-to-earnings ratio of 15.97 and a beta of 1.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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% during the 3rd quarter, according to its most recent Form 13F 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 quarter. JPMorgan Chase & Co. owned about 0.10% of Global X Guru Index ETF worth $48,000 at the end of the most recent quarter.

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.