Global X MSCI Norway ETF (NYSEARCA:NORW) Stock Price Up 1.1% – Here’s Why

Global X MSCI Norway ETF (NYSEARCA:NORWGet Free Report)’s share price was up 1.1% during mid-day trading on Monday . The company traded as high as $35.77 and last traded at $35.73. 15,521 shares traded hands during trading, a decline of 85% from the average session volume of 105,215 shares. The stock had previously closed at $35.33.

Global X MSCI Norway ETF Stock Performance

The company has a market cap of $90.05 million, a PE ratio of 12.35 and a beta of 0.69. The company’s 50-day simple moving average is $34.66 and its 200 day simple moving average is $35.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NORW. Royal Bank of Canada grew its stake in Global X MSCI Norway ETF by 1,576.1% during the 1st quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock worth $888,000 after purchasing an additional 21,845 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Global X MSCI Norway ETF in the 1st quarter valued at about $202,000. PNC Financial Services Group Inc. acquired a new stake in Global X MSCI Norway ETF in the 1st quarter valued at about $386,000. Geneos Wealth Management Inc. purchased a new position in shares of Global X MSCI Norway ETF in the 1st quarter valued at about $2,148,000. Finally, Ball & Co Wealth Management Inc. purchased a new position in shares of Global X MSCI Norway ETF in the 1st quarter valued at about $80,000.

About Global X MSCI Norway ETF

(Get Free Report)

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.

Further Reading

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