Royal Bank of Canada raised its stake in Global X MSCI Norway ETF (NYSEARCA:NORW – Free Report) by 1,576.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,231 shares of the company’s stock after buying an additional 21,845 shares during the period. Royal Bank of Canada’s holdings in Global X MSCI Norway ETF were worth $888,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ball & Co Wealth Management Inc. bought a new stake in shares of Global X MSCI Norway ETF during the 1st quarter worth $80,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Global X MSCI Norway ETF during the fourth quarter worth about $162,000. Cetera Investment Advisers bought a new stake in Global X MSCI Norway ETF during the first quarter worth about $202,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Global X MSCI Norway ETF in the 1st quarter worth about $222,000. Finally, LPL Financial LLC boosted its holdings in shares of Global X MSCI Norway ETF by 22.8% in the 4th quarter. LPL Financial LLC now owns 8,667 shares of the company’s stock worth $260,000 after purchasing an additional 1,610 shares in the last quarter.
Global X MSCI Norway ETF Trading Up 1.7%
Shares of Global X MSCI Norway ETF stock opened at $37.31 on Friday. The firm has a market capitalization of $93.28 million, a PE ratio of 12.35 and a beta of 0.69. Global X MSCI Norway ETF has a 12 month low of $27.84 and a 12 month high of $39.39. The business’s 50-day moving average price is $34.57 and its 200-day moving average price is $36.09.
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.
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