Global X MSCI Argentina ETF (NYSEARCA:ARGT) Hits New 12-Month Low – Should You Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares reached a new 52-week low on Monday. The stock traded as low as $77.99 and last traded at $78.6130, with a volume of 100,014 shares. The stock had previously closed at $79.18.

Global X MSCI Argentina ETF Price Performance

The stock has a fifty day moving average price of $90.21 and a two-hundred day moving average price of $92.03. The company has a market cap of $611.29 million, a P/E ratio of 13.65 and a beta of 0.93.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. OceanIQ Capital LLC purchased a new position in Global X MSCI Argentina ETF in the second quarter worth $667,000. Canal Insurance CO bought a new stake in shares of Global X MSCI Argentina ETF in the third quarter valued at approximately $1,086,000. Envestnet Asset Management Inc. lifted its position in shares of Global X MSCI Argentina ETF by 28.5% during the second quarter. Envestnet Asset Management Inc. now owns 5,782 shares of the company’s stock worth $528,000 after acquiring an additional 1,282 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Global X MSCI Argentina ETF in the 3rd quarter worth about $743,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Global X MSCI Argentina ETF in the 3rd quarter valued at $30,068,000.

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.