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

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $93.11 and traded as low as $86.24. Global X MSCI Argentina ETF shares last traded at $86.67, with a volume of 174,778 shares.

Global X MSCI Argentina ETF Price Performance

The stock has a fifty day simple moving average of $93.00 and a 200-day simple moving average of $86.31. The company has a market capitalization of $763.60 million, a price-to-earnings ratio of 13.65 and a beta of 1.10.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

A number of large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in shares of Global X MSCI Argentina ETF by 37.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock worth $46,000 after buying an additional 180 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Global X MSCI Argentina ETF by 3.8% in the third quarter. Contravisory Investment Management Inc. now owns 5,911 shares of the company’s stock worth $412,000 after buying an additional 214 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in Global X MSCI Argentina ETF by 3.8% in the 3rd 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 in the last quarter. DAVENPORT & Co LLC lifted its position in 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 buying an additional 280 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Global X MSCI Argentina ETF during the 2nd quarter valued at about $25,000.

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.