Global X MSCI Norway ETF (NYSEARCA:NORW) Shares Up 1.5% – What’s Next?

Global X MSCI Norway ETF (NYSEARCA:NORW) was up 1.5% during mid-day trading on Monday . The company traded as high as $25.15 and last traded at $25.09. Approximately 4,963 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 12,069 shares. The stock had previously closed at $24.72.

Global X MSCI Norway ETF Price Performance

The stock has a market cap of $50.61 million, a PE ratio of 7.12 and a beta of 0.78. The business has a fifty day moving average of $24.43 and a 200-day moving average of $25.08.

Institutional Trading of Global X MSCI Norway ETF

A number of large investors have recently modified their holdings of the company. Activest Wealth Management purchased a new stake in shares of Global X MSCI Norway ETF in the third quarter valued at approximately $2,344,000. Arlington Capital Management Inc. boosted its holdings in shares of Global X MSCI Norway ETF by 2.1% in the third quarter. Arlington Capital Management Inc. now owns 36,882 shares of the company’s stock valued at $951,000 after purchasing an additional 767 shares during the period. Jane Street Group LLC purchased a new stake in shares of Global X MSCI Norway ETF in the fourth quarter valued at approximately $327,000. EP Wealth Advisors LLC purchased a new stake in shares of Global X MSCI Norway ETF in the third quarter valued at approximately $357,000. Finally, Bank of America Corp DE boosted its holdings in shares of Global X MSCI Norway ETF by 2,069.6% in the fourth quarter. Bank of America Corp DE now owns 10,848 shares of the company’s stock valued at $255,000 after purchasing an additional 10,348 shares during the period.

About Global X MSCI Norway ETF

The Global X MSCI Norway ETF (NORW) is an exchange-traded fund that is based on the MSCI Norway IMI 25\u002F50 index, a market-cap-weighted index of Norwegian stocks. NORW was launched on Nov 9, 2010 and is managed by Global X.