Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Global X MSCI Argentina ETF (NYSEARCA:ARGT) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $92.66 and traded as high as $93.58. Global X MSCI Argentina ETF shares last traded at $92.22, with a volume of 105,772 shares traded.

Global X MSCI Argentina ETF Stock Down 1.3%

The company has a 50 day simple moving average of $92.66 and a two-hundred day simple moving average of $92.01. The company has a market capitalization of $904.68 million, a P/E ratio of 13.65 and a beta of 0.96.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in shares of Global X MSCI Argentina ETF during the second quarter valued at approximately $53,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Global X MSCI Argentina ETF during the first quarter valued at approximately $65,000. Kestra Advisory Services LLC purchased a new position in shares of Global X MSCI Argentina ETF during the fourth quarter valued at approximately $97,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Global X MSCI Argentina ETF by 1,977.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,309 shares of the company’s stock valued at $111,000 after buying an additional 1,246 shares during the period. Finally, Triumph Capital Management purchased a new position in shares of Global X MSCI Argentina ETF during the third quarter valued at approximately $102,000.

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.