Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sets New 52-Week High – What’s Next?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price hit a new 52-week high on Thursday . The company traded as high as $97.09 and last traded at $96.50, with a volume of 85336 shares changing hands. The stock had previously closed at $94.65.

Global X MSCI Argentina ETF Trading Up 0.4%

The stock has a market cap of $806.18 million, a P/E ratio of 13.65 and a beta of 1.10. The business’s fifty day simple moving average is $91.62 and its 200 day simple moving average is $83.88.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ARGT. Laffer Tengler Investments Inc. bought a new position in Global X MSCI Argentina ETF in the second quarter valued at approximately $218,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Global X MSCI Argentina ETF in the 3rd quarter valued at $670,000. Leavell Investment Management Inc. acquired a new position in shares of Global X MSCI Argentina ETF in the 2nd quarter valued at $370,000. Clear Creek Financial Management LLC boosted its position in shares of Global X MSCI Argentina ETF by 15.5% in the 2nd quarter. Clear Creek Financial Management LLC now owns 19,453 shares of the company’s stock worth $1,648,000 after purchasing an additional 2,605 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Global X MSCI Argentina ETF during the second quarter worth $1,380,000.

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.