Global X MSCI Argentina ETF (NYSEARCA:ARGT) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $73.59 and traded as high as $83.59. Global X MSCI Argentina ETF shares last traded at $83.29, with a volume of 172,310 shares changing hands.

Global X MSCI Argentina ETF Trading Up 0.6 %

The stock has a market capitalization of $309.01 million, a P/E ratio of 15.89 and a beta of 1.20. The company has a 50-day moving average price of $73.59 and a 200 day moving average price of $64.95.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in Global X MSCI Argentina ETF in the third quarter worth about $35,000. Creative Financial Designs Inc. ADV raised its position in shares of Global X MSCI Argentina ETF by 2,792.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,880 shares of the company’s stock valued at $125,000 after purchasing an additional 1,815 shares during the last quarter. Verity Asset Management Inc. acquired a new stake in Global X MSCI Argentina ETF in the 3rd quarter worth approximately $215,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Global X MSCI Argentina ETF during the 2nd quarter worth approximately $216,000. Finally, McAdam LLC acquired a new position in Global X MSCI Argentina ETF during the 2nd quarter valued at approximately $228,000.

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.