Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sets New 1-Year Low – Should You Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price reached a new 52-week low during trading on Monday. The company traded as low as $80.85 and last traded at $80.3650, with a volume of 25,947 shares traded. The stock had previously closed at $87.08.

Global X MSCI Argentina ETF Price Performance

The company’s 50 day moving average price is $90.81 and its 200 day moving average price is $92.23. The firm has a market cap of $651.91 million, a PE ratio of 13.65 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ARGT. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Global X MSCI Argentina ETF during the 3rd quarter worth about $304,000. Brookstone Capital Management acquired a new stake in Global X MSCI Argentina ETF during the 3rd quarter worth $419,000. Diversify Advisory Services LLC boosted its stake in Global X MSCI Argentina ETF by 112.6% in the third quarter. Diversify Advisory Services LLC now owns 8,403 shares of the company’s stock valued at $739,000 after acquiring an additional 4,450 shares in the last quarter. Canal Insurance CO purchased a new stake in shares of Global X MSCI Argentina ETF in the 3rd quarter valued at about $1,086,000. Finally, Envestnet Asset Management Inc. grew its stake in Global X MSCI Argentina ETF by 28.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,782 shares of the company’s stock worth $528,000 after buying an additional 1,282 shares during the last quarter.

Global X MSCI Argentina ETF Company Profile

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.