Global X MSCI Argentina ETF (NYSEARCA:ARGT) Shares Pass Below 50-Day Moving Average – Here’s Why

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $92.77 and traded as low as $91.01. Global X MSCI Argentina ETF shares last traded at $91.45, with a volume of 572,975 shares.

Global X MSCI Argentina ETF Price Performance

The stock’s fifty day moving average price is $92.73 and its 200 day moving average price is $92.39. The stock has a market cap of $839.51 million, a PE ratio of 13.65 and a beta of 0.97.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ARGT. Cetera Investment Advisers boosted its holdings in shares of Global X MSCI Argentina ETF by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 8,817 shares of the company’s stock valued at $823,000 after purchasing an additional 135 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in Global X MSCI Argentina ETF by 3.8% in the third quarter. Legacy Capital Group California Inc. now owns 5,856 shares of the company’s stock worth $409,000 after purchasing an additional 214 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Global X MSCI Argentina ETF by 7.4% during the fourth quarter. DAVENPORT & Co LLC now owns 4,078 shares of the company’s stock worth $373,000 after purchasing an additional 280 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Global X MSCI Argentina ETF during the second quarter worth $53,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Global X MSCI Argentina ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 40,723 shares of the company’s stock valued at $3,450,000 after purchasing an additional 690 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.