Global X MSCI Argentina ETF (NYSEARCA:ARGT) Share Price Breaks Below Fifty Day Moving Average – Here’s What Happened

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $92.08 and traded as low as $88.60. Global X MSCI Argentina ETF shares last traded at $88.67, with a volume of 62,642 shares.

Global X MSCI Argentina ETF Stock Down 0.6%

The stock has a market capitalization of $712.02 million, a PE ratio of 13.65 and a beta of 0.93. The firm’s fifty day moving average is $92.08 and its 200-day moving average is $92.73.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARGT. Royal Bank of Canada lifted its holdings in shares of Global X MSCI Argentina ETF by 14.6% in the 1st quarter. Royal Bank of Canada now owns 14,115 shares of the company’s stock valued at $1,318,000 after buying an additional 1,795 shares during the period. Cetera Investment Advisers boosted its stake in shares of Global X MSCI Argentina ETF by 1.6% in 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. OceanIQ Capital LLC acquired a new position in Global X MSCI Argentina ETF during the second quarter worth $667,000. Revisor Wealth Management LLC grew its holdings 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 worth $643,000 after acquiring an additional 4,320 shares during the period. Finally, Harbour Wealth Management Group Inc. acquired a new position in Global X MSCI Argentina ETF during the fourth quarter worth $638,000.

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.