Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sets New 1-Year Low – Here’s What Happened

Shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) reached a new 52-week low during trading on Monday. The stock traded as low as $77.99 and last traded at $78.6130, with a volume of 100,014 shares. The stock had previously closed at $79.18.

Global X MSCI Argentina ETF Trading Down 1.3%

The firm has a market cap of $611.29 million, a P/E ratio of 13.65 and a beta of 0.93. The business’s fifty day simple moving average is $90.21 and its 200-day simple moving average is $92.03.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of Global X MSCI Argentina ETF during the third quarter valued at approximately $743,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Global X MSCI Argentina ETF in the third quarter worth $30,068,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Global X MSCI Argentina ETF in the third quarter worth $304,000. Brookstone Capital Management purchased a new position in shares of Global X MSCI Argentina ETF in the third quarter worth $419,000. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Global X MSCI Argentina ETF by 112.6% during the third quarter. Diversify Advisory Services LLC now owns 8,403 shares of the company’s stock valued at $739,000 after purchasing an additional 4,450 shares in the last quarter.

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.