Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $93.17 and traded as high as $97.71. Global X MSCI Argentina ETF shares last traded at $97.10, with a volume of 283,538 shares.

Global X MSCI Argentina ETF Price Performance

The company has a fifty day simple moving average of $93.21 and a two-hundred day simple moving average of $92.40. The company has a market cap of $952.55 million, a price-to-earnings ratio of 13.65 and a beta of 0.96.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Large investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of Global X MSCI Argentina ETF by 245.5% in the fourth quarter. Morgan Stanley now owns 582,126 shares of the company’s stock valued at $53,212,000 after buying an additional 413,659 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Global X MSCI Argentina ETF by 3.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 311,469 shares of the company’s stock worth $28,471,000 after acquiring an additional 11,279 shares during the last quarter. Breakout Capital Partners LP raised its position in shares of Global X MSCI Argentina ETF by 10.6% during the third quarter. Breakout Capital Partners LP now owns 213,300 shares of the company’s stock worth $14,880,000 after purchasing an additional 20,500 shares during the period. Bank of America Corp DE raised its position in shares of Global X MSCI Argentina ETF by 0.6% during the second quarter. Bank of America Corp DE now owns 151,933 shares of the company’s stock worth $12,873,000 after purchasing an additional 900 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Global X MSCI Argentina ETF by 1,810.3% during the third quarter. UBS Group AG now owns 135,519 shares of the company’s stock valued at $9,454,000 after purchasing an additional 128,425 shares during the last quarter.

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.