Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Passes Above 50 Day Moving Average – What’s Next?

Shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $94.01 and traded as high as $95.45. Global X MSCI Argentina ETF shares last traded at $94.50, with a volume of 255,568 shares.

Global X MSCI Argentina ETF Stock Performance

The stock has a market cap of $760.10 million, a P/E ratio of 13.65 and a beta of 0.95. The firm has a 50-day moving average price of $94.03 and a 200-day moving average price of $92.52.

Institutional Trading of Global X MSCI Argentina ETF

A number of hedge funds have recently made changes to their positions in the stock. OceanIQ Capital LLC purchased a new stake in Global X MSCI Argentina ETF during the 2nd quarter valued at approximately $667,000. Royal Bank of Canada raised its position in shares of Global X MSCI Argentina ETF by 14.6% during the 1st quarter. Royal Bank of Canada now owns 14,115 shares of the company’s stock valued at $1,318,000 after buying an additional 1,795 shares in the last quarter. Cetera Investment Advisers raised its position in Global X MSCI Argentina ETF by 1.6% during the first quarter. Cetera Investment Advisers now owns 8,817 shares of the company’s stock valued at $823,000 after purchasing an additional 135 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Global X MSCI Argentina ETF during the first quarter valued at $65,000. Finally, Canal Insurance CO purchased a new stake in Global X MSCI Argentina ETF in the 1st quarter worth about $240,000.

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.