Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Strong Trading Volume – Time to Buy?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw unusually-high trading volume on Thursday . Approximately 246,923 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 250,382 shares.The stock last traded at $91.40 and had previously closed at $90.47.

Global X MSCI Argentina ETF Stock Performance

The stock’s 50-day moving average price is $90.70 and its 200-day moving average price is $90.48. The company has a market capitalization of $879.56 million, a price-to-earnings ratio of 13.65 and a beta of 0.96.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in shares of Global X MSCI Argentina ETF by 37.1% during the 3rd 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. Legacy Capital Group California Inc. lifted its position in shares of Global X MSCI Argentina ETF by 3.8% during the 3rd quarter. Legacy Capital Group California Inc. now owns 5,856 shares of the company’s stock valued at $409,000 after acquiring an additional 214 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Global X MSCI Argentina ETF by 7.4% during the 4th quarter. DAVENPORT & Co LLC now owns 4,078 shares of the company’s stock valued at $373,000 after acquiring an additional 280 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Global X MSCI Argentina ETF during the 2nd quarter valued at approximately $53,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Global X MSCI Argentina ETF by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,723 shares of the company’s stock valued at $3,450,000 after acquiring an additional 690 shares during the period.

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.