Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sets New 1-Year Low – Here’s Why

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price reached a new 52-week low on Monday. The company traded as low as $80.85 and last traded at $80.3650, with a volume of 25,947 shares. The stock had previously closed at $87.08.

Global X MSCI Argentina ETF Price Performance

The company has a market cap of $642.86 million, a PE ratio of 13.65 and a beta of 0.93. The stock’s 50-day moving average is $91.25 and its 200 day moving average is $92.48.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of large investors have recently made changes to their positions in the stock. OceanIQ Capital LLC acquired a new position in Global X MSCI Argentina ETF in the 2nd quarter worth approximately $667,000. Canal Insurance CO purchased a new stake in shares of Global X MSCI Argentina ETF in the third quarter worth about $1,086,000. Cetera Investment Advisers grew its holdings in Global X MSCI Argentina ETF by 1.6% during the first quarter. Cetera Investment Advisers now owns 8,817 shares of the company’s stock worth $823,000 after acquiring an additional 135 shares during the period. Revisor Wealth Management LLC raised its position in Global X MSCI Argentina ETF by 167.9% during the first quarter. Revisor Wealth Management LLC now owns 6,893 shares of the company’s stock valued at $643,000 after acquiring an additional 4,320 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Global X MSCI Argentina ETF in the 1st quarter worth approximately $65,000.

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.