Global X MSCI Argentina ETF (NYSEARCA:ARGT) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Global X MSCI Argentina ETF (NYSEARCA:ARGT – Get Free Report) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $92.08 and traded as low as $88.60. Global X MSCI Argentina ETF shares last traded at $88.67, with a volume of 62,642 shares trading hands.

Global X MSCI Argentina ETF Stock Up 1.0%

The company has a market cap of $705.84 million, a price-to-earnings ratio of 13.65 and a beta of 0.93. The firm has a 50 day moving average price of $91.84 and a two-hundred day moving average price of $92.72.

Institutional Trading of Global X MSCI Argentina ETF

Several institutional investors have recently added to or reduced their stakes in ARGT. OceanIQ Capital LLC acquired a new stake in Global X MSCI Argentina ETF during the 2nd quarter valued at approximately $667,000. Harbour Wealth Management Group Inc. acquired a new position in shares of Global X MSCI Argentina ETF in the 4th quarter worth approximately $638,000. Revisor Wealth Management LLC lifted its position in shares of Global X MSCI Argentina ETF by 167.9% in the 1st quarter. Revisor Wealth Management LLC now owns 6,893 shares of the company’s stock worth $643,000 after purchasing an additional 4,320 shares during the period. Canal Insurance CO acquired a new position in shares of Global X MSCI Argentina ETF in the 1st quarter worth approximately $240,000. Finally, Royal Bank of Canada lifted its position in shares of Global X MSCI Argentina ETF by 14.6% in the 1st quarter. Royal Bank of Canada now owns 14,115 shares of the company’s stock worth $1,318,000 after purchasing an additional 1,795 shares during the period.

About Global X MSCI Argentina ETF

(Get Free Report)

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.

Further Reading

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