Activest Wealth Management Makes New $8.35 Million Investment in Global X MSCI Argentina ETF (NYSEARCA:ARGT)

Activest Wealth Management bought a new stake in Global X MSCI Argentina ETF (NYSEARCA:ARGT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 101,027 shares of the company’s stock, valued at approximately $8,352,000. Global X MSCI Argentina ETF comprises 2.3% of Activest Wealth Management’s investment portfolio, making the stock its 12th biggest position.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in Global X MSCI Argentina ETF in the third quarter valued at about $35,000. Harbor Investment Advisory LLC raised its stake in shares of Global X MSCI Argentina ETF by 500.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,500 shares of the company’s stock valued at $124,000 after acquiring an additional 1,250 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings 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 worth $125,000 after acquiring an additional 1,815 shares during the last quarter. Spire Wealth Management boosted its position in shares of Global X MSCI Argentina ETF by 525.0% during the 4th quarter. Spire Wealth Management now owns 2,500 shares of the company’s stock worth $207,000 after purchasing an additional 2,100 shares during the period. Finally, Verity Asset Management Inc. acquired a new stake in Global X MSCI Argentina ETF in the 3rd quarter valued at approximately $215,000.

Global X MSCI Argentina ETF Stock Down 3.1 %

NYSEARCA:ARGT opened at $85.25 on Monday. Global X MSCI Argentina ETF has a 52 week low of $48.55 and a 52 week high of $91.25. The stock’s fifty day moving average is $85.64 and its two-hundred day moving average is $74.52. The stock has a market capitalization of $316.28 million, a price-to-earnings ratio of 15.89 and a beta of 1.20.

Global X MSCI Argentina ETF 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.