Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sets New 52-Week High – Here’s Why

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $94.81 and last traded at $94.56, with a volume of 82268 shares changing hands. The stock had previously closed at $92.82.

Global X MSCI Argentina ETF Price Performance

The company’s 50 day simple moving average is $84.08 and its 200 day simple moving average is $83.82. The stock has a market cap of $1.15 billion, a P/E ratio of 12.23 and a beta of 1.23.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Global X MSCI Argentina ETF in the 4th quarter valued at approximately $36,562,000. Southpoint Capital Advisors LP bought a new position in Global X MSCI Argentina ETF in the fourth quarter valued at approximately $24,801,000. Duquesne Family Office LLC boosted its holdings in shares of Global X MSCI Argentina ETF by 94.6% in the fourth quarter. Duquesne Family Office LLC now owns 548,800 shares of the company’s stock valued at $45,369,000 after buying an additional 266,800 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Global X MSCI Argentina ETF by 90,313.0% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 250,444 shares of the company’s stock worth $20,228,000 after acquiring an additional 250,167 shares in the last quarter. Finally, Activest Wealth Management acquired a new stake in shares of Global X MSCI Argentina ETF during the fourth quarter worth $8,352,000.

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.