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

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $90.78 and traded as low as $90.22. Global X MSCI Argentina ETF shares last traded at $90.40, with a volume of 69,349 shares.

Global X MSCI Argentina ETF Price Performance

The business has a 50 day moving average of $90.78 and a 200 day moving average of $91.70. The firm has a market capitalization of $886.82 million, a price-to-earnings ratio of 13.65 and a beta of 0.96.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of institutional investors have recently made changes to their positions in ARGT. Tower Research Capital LLC TRC acquired a new stake in shares of Global X MSCI Argentina ETF during the second quarter worth $53,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Global X MSCI Argentina ETF during the first quarter worth $65,000. Kestra Advisory Services LLC acquired a new stake in shares of Global X MSCI Argentina ETF during the fourth quarter worth $97,000. Triumph Capital Management acquired a new stake in shares of Global X MSCI Argentina ETF during the third quarter worth $102,000. Finally, Riggs Asset Managment Co. Inc. grew its stake in shares of Global X MSCI Argentina ETF by 1,977.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,309 shares of the company’s stock worth $111,000 after purchasing an additional 1,246 shares during the period.

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.