Absolute Gestao de Investimentos Ltda. Takes Position in Global X MSCI Argentina ETF (NYSEARCA:ARGT)

Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,270 shares of the company’s stock, valued at approximately $684,000. Global X MSCI Argentina ETF accounts for approximately 0.3% of Absolute Gestao de Investimentos Ltda.’s holdings, making the stock its 25th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Global X MSCI Argentina ETF by 107.8% in the third quarter. JPMorgan Chase & Co. now owns 19,514 shares of the company’s stock valued at $1,294,000 after purchasing an additional 10,125 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Global X MSCI Argentina ETF by 37.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the company’s stock worth $86,000 after acquiring an additional 283 shares in the last quarter. Spire Wealth Management grew its stake in shares of Global X MSCI Argentina ETF by 525.0% in the fourth quarter. Spire Wealth Management now owns 2,500 shares of the company’s stock worth $207,000 after acquiring an additional 2,100 shares in the last quarter. Polymer Capital Management HK LTD purchased a new stake in shares of Global X MSCI Argentina ETF during the fourth quarter worth $4,059,000. Finally, Aprio Wealth Management LLC purchased a new position in Global X MSCI Argentina ETF in the fourth quarter valued at $403,000.

Global X MSCI Argentina ETF Stock Performance

Shares of ARGT opened at $84.06 on Friday. The stock has a 50-day simple moving average of $82.06 and a 200-day simple moving average of $82.26. Global X MSCI Argentina ETF has a 1 year low of $51.09 and a 1 year high of $91.25. The stock has a market capitalization of $959.12 million, a PE ratio of 11.96 and a beta of 1.18.

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.