Arlington Capital Management Inc. Makes New Investment in Global X MSCI Greece ETF $GREK

Arlington Capital Management Inc. purchased a new position in Global X MSCI Greece ETF (NYSEARCA:GREK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,023 shares of the exchange traded fund’s stock, valued at approximately $4,528,000. Global X MSCI Greece ETF makes up 3.9% of Arlington Capital Management Inc.’s holdings, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GREK. Client First Investment Management LLC purchased a new stake in Global X MSCI Greece ETF in the 2nd quarter worth $2,562,000. Sepio Capital LP grew its position in shares of Global X MSCI Greece ETF by 2.5% during the first quarter. Sepio Capital LP now owns 78,237 shares of the exchange traded fund’s stock worth $3,675,000 after purchasing an additional 1,902 shares in the last quarter. Arizona PSPRS Trust purchased a new stake in shares of Global X MSCI Greece ETF during the first quarter worth about $445,000. Mount Lucas Management LP grew its holdings in Global X MSCI Greece ETF by 269.6% during the 1st quarter. Mount Lucas Management LP now owns 20,673 shares of the exchange traded fund’s stock valued at $971,000 after buying an additional 15,080 shares in the last quarter. Finally, Trek Financial LLC purchased a new stake in Global X MSCI Greece ETF during the 1st quarter valued at approximately $972,000.

Global X MSCI Greece ETF Price Performance

Shares of GREK opened at $65.00 on Thursday. The firm has a market cap of $321.75 million, a P/E ratio of 10.65 and a beta of 1.03. The company has a 50 day simple moving average of $63.78 and a two-hundred day simple moving average of $56.09. Global X MSCI Greece ETF has a 1 year low of $38.15 and a 1 year high of $67.29.

About Global X MSCI Greece ETF

The Global X MSCI Greece ETF (GREK) is an exchange-traded fund that is based on the MSCI All Greece Select 25-50 index, a market-cap-weighted index of about 15 Greek firms. GREK was launched on Dec 7, 2011 and is managed by Global X.