Global X MSCI Argentina ETF (NYSEARCA:ARGT) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $94.01 and traded as high as $96.15. Global X MSCI Argentina ETF shares last traded at $96.15, with a volume of 248,874 shares trading hands.

Global X MSCI Argentina ETF Stock Up 3.4%

The company has a 50 day moving average of $94.01 and a two-hundred day moving average of $92.67. The firm has a market cap of $866.31 million, a P/E ratio of 13.65 and a beta of 0.97.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Several large investors have recently made changes to their positions in ARGT. Tower Research Capital LLC TRC bought a new stake in shares of Global X MSCI Argentina ETF in the 2nd quarter worth approximately $53,000. Cassaday & Co Wealth Management LLC acquired a new stake in Global X MSCI Argentina ETF during the first quarter valued at approximately $65,000. Kestra Advisory Services LLC bought a new stake in Global X MSCI Argentina ETF during the fourth quarter worth approximately $97,000. Triumph Capital Management bought a new stake in Global X MSCI Argentina ETF during the third quarter worth approximately $102,000. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in 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 buying an additional 1,246 shares in the last quarter.

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.