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

Shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $93.17 and traded as high as $97.71. Global X MSCI Argentina ETF shares last traded at $97.10, with a volume of 283,538 shares.

Global X MSCI Argentina ETF Stock Up 0.2%

The stock has a market capitalization of $952.55 million, a PE ratio of 13.65 and a beta of 0.96. The firm’s fifty day moving average price is $93.17 and its two-hundred day moving average price is $92.37.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Global X MSCI Argentina ETF by 14.6% during the 1st quarter. Royal Bank of Canada now owns 14,115 shares of the company’s stock valued at $1,318,000 after buying an additional 1,795 shares during the period. Cetera Investment Advisers grew its holdings in shares of Global X MSCI Argentina ETF by 1.6% in the first quarter. Cetera Investment Advisers now owns 8,817 shares of the company’s stock worth $823,000 after acquiring an additional 135 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Global X MSCI Argentina ETF in the first quarter worth $65,000. Canal Insurance CO purchased a new stake in Global X MSCI Argentina ETF during the first quarter valued at $240,000. Finally, Revisor Wealth Management LLC increased its position in Global X MSCI Argentina ETF by 167.9% during the first quarter. Revisor Wealth Management LLC now owns 6,893 shares of the company’s stock valued at $643,000 after acquiring an additional 4,320 shares during 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.