Global X MSCI Argentina ETF (NYSEARCA:ARGT) Hits New 52-Week High – Still a Buy?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $97.09 and last traded at $96.50, with a volume of 85336 shares traded. The stock had previously closed at $94.65.

Global X MSCI Argentina ETF Trading Up 2.2%

The company has a 50 day moving average price of $91.35 and a 200 day moving average price of $83.68. The company has a market capitalization of $799.07 million, a P/E ratio of 13.65 and a beta of 1.10.

Institutional Trading of Global X MSCI Argentina ETF

Several institutional investors have recently added to or reduced their stakes in ARGT. Allworth Financial LP bought a new position in Global X MSCI Argentina ETF during the 2nd quarter worth $25,000. Geneos Wealth Management Inc. boosted its position in shares of Global X MSCI Argentina ETF by 37.1% in 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 period. Tower Research Capital LLC TRC acquired a new position in shares of Global X MSCI Argentina ETF in the second quarter valued at about $53,000. Steward Partners Investment Advisory LLC increased its position in Global X MSCI Argentina ETF by 60.7% during the second 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 period. Finally, Triumph Capital Management acquired a new stake in Global X MSCI Argentina ETF in the 3rd quarter worth about $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.