Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sets New 52-Week High – Time to Buy?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $102.98 and last traded at $102.94, with a volume of 472115 shares. The stock had previously closed at $99.31.

Global X MSCI Argentina ETF Stock Performance

The stock has a market capitalization of $854.21 million, a price-to-earnings ratio of 13.65 and a beta of 1.10. The business has a 50-day moving average of $92.58 and a 200-day moving average of $84.40.

Institutional Trading of Global X MSCI Argentina ETF

A number of large investors have recently bought and sold shares of the business. Marshall Wace LLP increased its stake in Global X MSCI Argentina ETF by 1,074.1% in the second quarter. Marshall Wace LLP now owns 230,361 shares of the company’s stock valued at $19,518,000 after purchasing an additional 210,741 shares during the period. Breakout Capital Partners LP raised its stake in Global X MSCI Argentina ETF by 10.6% during the 3rd quarter. Breakout Capital Partners LP now owns 213,300 shares of the company’s stock valued at $14,880,000 after acquiring an additional 20,500 shares during the last quarter. Bank of America Corp DE lifted its position in Global X MSCI Argentina ETF by 0.6% during the 2nd quarter. Bank of America Corp DE now owns 151,933 shares of the company’s stock worth $12,873,000 after acquiring an additional 900 shares during the period. UBS Group AG grew its stake in shares of Global X MSCI Argentina ETF by 1,810.3% in the 3rd 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. Finally, Activest Wealth Management increased its holdings in shares of Global X MSCI Argentina ETF by 1.1% in the second quarter. Activest Wealth Management now owns 96,240 shares of the company’s stock valued at $8,154,000 after purchasing an additional 1,079 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.