Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Passes Below 50-Day Moving Average – Time to Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $93.93 and traded as low as $91.51. Global X MSCI Argentina ETF shares last traded at $92.56, with a volume of 110,227 shares traded.

Global X MSCI Argentina ETF Stock Down 2.0%

The company’s 50 day moving average price is $93.93 and its two-hundred day moving average price is $85.94. The firm has a market cap of $826.56 million, a PE ratio of 13.65 and a beta of 1.10.

Institutional Trading of Global X MSCI Argentina ETF

Several institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its stake in shares of Global X MSCI Argentina ETF by 37.1% during the third quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock valued at $46,000 after buying an additional 180 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in Global X MSCI Argentina ETF by 3.8% during the 3rd quarter. Contravisory Investment Management Inc. now owns 5,911 shares of the company’s stock valued at $412,000 after acquiring an additional 214 shares during the period. Legacy Capital Group California Inc. boosted its holdings in Global X MSCI Argentina ETF by 3.8% during the 3rd quarter. Legacy Capital Group California Inc. now owns 5,856 shares of the company’s stock valued at $409,000 after acquiring an additional 214 shares during the period. DAVENPORT & Co LLC grew its position in Global X MSCI Argentina ETF by 7.4% in the 4th quarter. DAVENPORT & Co LLC now owns 4,078 shares of the company’s stock valued at $373,000 after acquiring an additional 280 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in Global X MSCI Argentina ETF in the second quarter worth $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.