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

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $93.93 and traded as low as $91.51. Global X MSCI Argentina ETF shares last traded at $92.56, with a volume of 110,227 shares changing hands.

Global X MSCI Argentina ETF Stock Down 2.0%

The company has a market capitalization of $826.56 million, a PE ratio of 13.65 and a beta of 1.10. The firm’s 50-day moving average is $93.93 and its 200-day moving average is $85.94.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Several institutional investors have recently modified their holdings of the company. Allworth Financial LP purchased a new position in shares of Global X MSCI Argentina ETF during the 2nd quarter valued at about $25,000. Geneos Wealth Management Inc. grew its position in Global X MSCI Argentina ETF by 37.1% during the third quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock valued at $46,000 after acquiring an additional 180 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Global X MSCI Argentina ETF during the second quarter worth approximately $53,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Global X MSCI Argentina ETF by 60.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,091 shares of the company’s stock worth $92,000 after acquiring an additional 412 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Global X MSCI Argentina ETF in the 4th quarter worth approximately $97,000.

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.