Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Price Crosses Above Fifty Day Moving Average of $61.13

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $61.13 and traded as high as $69.57. Global X MSCI Argentina ETF shares last traded at $68.77, with a volume of 224,344 shares trading hands.

Global X MSCI Argentina ETF Price Performance

The company has a market cap of $255.14 million, a PE ratio of 15.89 and a beta of 1.20. The firm has a 50-day simple moving average of $61.13 and a two-hundred day simple moving average of $58.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARGT. Gordian Capital Singapore Pte Ltd acquired a new position in Global X MSCI Argentina ETF in the 2nd quarter valued at $216,000. McAdam LLC purchased a new stake in shares of Global X MSCI Argentina ETF in the second quarter valued at $228,000. Financial & Tax Architects LLC increased its stake in Global X MSCI Argentina ETF by 29.8% in the first quarter. Financial & Tax Architects LLC now owns 5,145 shares of the company’s stock valued at $277,000 after purchasing an additional 1,182 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in Global X MSCI Argentina ETF during the second quarter worth about $333,000. Finally, Atomi Financial Group Inc. purchased a new position in Global X MSCI Argentina ETF during the first quarter worth about $399,000.

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.