Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sets New 52-Week Low – Should You Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) 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 Trading Down 6.1%

The stock has a market cap of $642.86 million, a PE ratio of 13.65 and a beta of 0.93. The business has a 50-day moving average price of $91.25 and a 200-day moving average price of $92.48.

Institutional Trading of Global X MSCI Argentina ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Global X MSCI Argentina ETF in the third quarter valued at $304,000. Brookstone Capital Management purchased a new position in Global X MSCI Argentina ETF during the 3rd quarter worth $419,000. Diversify Advisory Services LLC increased its position in Global X MSCI Argentina ETF by 112.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 8,403 shares of the company’s stock worth $739,000 after purchasing an additional 4,450 shares during the period. Canal Insurance CO acquired a new stake in Global X MSCI Argentina ETF in the third quarter valued at $1,086,000. Finally, Envestnet Asset Management Inc. lifted its position 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 during the period.

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.