Global X MSCI Argentina ETF (NYSEARCA:ARGT) Hits New 1-Year High – Time to Buy?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) reached a new 52-week high on Wednesday . The company traded as high as $102.98 and last traded at $102.94, with a volume of 472115 shares. The stock had previously closed at $99.31.

Global X MSCI Argentina ETF Stock Up 3.7%

The firm has a market cap of $850.28 million, a price-to-earnings ratio of 13.65 and a beta of 1.10. The business has a 50 day moving average of $92.06 and a 200 day moving average of $84.15.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Global X MSCI Argentina ETF by 331.9% in the first quarter. Royal Bank of Canada now owns 15,220 shares of the company’s stock valued at $1,229,000 after buying an additional 11,696 shares during the last quarter. Jane Street Group LLC acquired a new position in Global X MSCI Argentina ETF in the 1st quarter valued at $4,131,000. DAVENPORT & Co LLC boosted its holdings in shares of Global X MSCI Argentina ETF by 6.6% during the second quarter. DAVENPORT & Co LLC now owns 3,667 shares of the company’s stock worth $311,000 after purchasing an additional 228 shares during the last quarter. Clear Creek Financial Management LLC grew its position in shares of Global X MSCI Argentina ETF by 15.5% in the second quarter. Clear Creek Financial Management LLC now owns 19,453 shares of the company’s stock valued at $1,648,000 after purchasing an additional 2,605 shares during the period. Finally, Moran Wealth Management LLC grew its position in shares of Global X MSCI Argentina ETF by 2.1% in the second quarter. Moran Wealth Management LLC now owns 82,007 shares of the company’s stock valued at $6,948,000 after purchasing an additional 1,657 shares during the period.

About Global X MSCI Argentina ETF

The Global X MSCI Argentina ETF (ARGT) is an exchange-traded fund that is based on the MSCI All Argentina 25\u002F50 index. The fund tracks a narrow index of companies with Argentine economic linkages that are selected and weighted by market cap. ARGT was launched on Mar 2, 2011 and is managed by Global X.