Global X MSCI Norway ETF (NYSEARCA:NORW) Trading Up 0.7% – Time to Buy?

Global X MSCI Norway ETF (NYSEARCA:NORW)’s share price rose 0.7% during trading on Tuesday . The stock traded as high as $26.13 and last traded at $25.87. Approximately 25,651 shares were traded during trading, an increase of 159% from the average daily volume of 9,888 shares. The stock had previously closed at $25.68.

Global X MSCI Norway ETF Stock Performance

The firm’s 50-day simple moving average is $24.91 and its 200 day simple moving average is $25.07. The company has a market capitalization of $48.49 million, a PE ratio of 11.46 and a beta of 0.91.

Institutional Trading of Global X MSCI Norway ETF

A number of large investors have recently made changes to their positions in NORW. Bank of America Corp DE boosted its stake in Global X MSCI Norway ETF by 2,069.6% in the 4th quarter. Bank of America Corp DE now owns 10,848 shares of the company’s stock worth $255,000 after buying an additional 10,348 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Global X MSCI Norway ETF in the third quarter worth approximately $357,000. Jane Street Group LLC acquired a new stake in shares of Global X MSCI Norway ETF in the fourth quarter worth approximately $327,000. Finally, Activest Wealth Management purchased a new stake in Global X MSCI Norway ETF in the third quarter valued at approximately $2,344,000.

Global X MSCI Norway ETF Company Profile

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.