Global X MSCI Argentina ETF (NYSEARCA:ARGT) Reaches New 52-Week Low – What’s Next?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price hit a new 52-week low during trading on Thursday. The stock traded as low as $71.43 and last traded at $72.0690, with a volume of 5,529 shares traded. The stock had previously closed at $73.71.

Global X MSCI Argentina ETF Stock Performance

The business has a fifty day moving average price of $87.21 and a 200 day moving average price of $91.31. The company has a market capitalization of $554.99 million, a PE ratio of 11.75 and a beta of 0.99.

Institutional Trading of Global X MSCI Argentina ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ARGT. Cetera Investment Advisers lifted its position 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 valued at $823,000 after buying an additional 135 shares in the last quarter. Whittier Trust Co. acquired a new stake in shares of Global X MSCI Argentina ETF in the third quarter worth $37,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Global X MSCI Argentina ETF in the 1st quarter valued at $65,000. Envestnet Asset Management Inc. lifted its holdings in shares of Global X MSCI Argentina ETF by 28.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,782 shares of the company’s stock valued at $528,000 after acquiring an additional 1,282 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Global X MSCI Argentina ETF by 14.6% during the 1st quarter. Royal Bank of Canada now owns 14,115 shares of the company’s stock valued at $1,318,000 after acquiring an additional 1,795 shares in the last quarter.

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.