Global X MSCI Norway ETF (NYSEARCA:NORW) Stock Price Down 0.4% – Here’s Why

Global X MSCI Norway ETF (NYSEARCA:NORW) shares dropped 0.4% during mid-day trading on Monday . The company traded as low as $24.74 and last traded at $24.80. Approximately 7,519 shares were traded during trading, a decline of 61% from the average daily volume of 19,439 shares. The stock had previously closed at $24.91.

Global X MSCI Norway ETF Stock Up 0.4 %

The firm’s 50 day simple moving average is $24.51 and its 200-day simple moving average is $25.12. The company has a market capitalization of $50.33 million, a PE ratio of 7.12 and a beta of 0.78.

Institutional Trading of Global X MSCI Norway ETF

Several large investors have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC purchased a new stake in shares of Global X MSCI Norway ETF during the 3rd quarter valued at about $357,000. Arlington Capital Management Inc. increased its holdings in Global X MSCI Norway ETF by 2.1% during the 3rd quarter. Arlington Capital Management Inc. now owns 36,882 shares of the company’s stock worth $951,000 after purchasing an additional 767 shares during the last quarter. Finally, Activest Wealth Management acquired a new stake in Global X MSCI Norway ETF in the third quarter valued at $2,344,000.

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.