Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Strong Trading Volume – Still a Buy?

Shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw unusually-high trading volume on Wednesday . Approximately 310,002 shares were traded during trading, an increase of 42% from the previous session’s volume of 218,029 shares.The stock last traded at $89.23 and had previously closed at $87.67.

Global X MSCI Argentina ETF Trading Up 2.0%

The stock’s fifty day moving average price is $92.06 and its 200 day moving average price is $86.76. The stock has a market cap of $798.61 million, a P/E ratio of 13.65 and a beta of 1.10.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of large investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Global X MSCI Argentina ETF during the second quarter worth about $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Global X MSCI Argentina ETF by 37.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock worth $46,000 after purchasing an additional 180 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Global X MSCI Argentina ETF during the 2nd quarter valued at about $53,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Global X MSCI Argentina ETF by 60.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,091 shares of the company’s stock valued at $92,000 after buying an additional 412 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Global X MSCI Argentina ETF during the 4th quarter valued at about $97,000.

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.