Activest Wealth Management Purchases New Position in Global X MSCI Norway ETF (NYSEARCA:NORW)

Activest Wealth Management bought a new position in shares of Global X MSCI Norway ETF (NYSEARCA:NORW) during the third quarter, HoldingsChannel reports. The institutional investor bought 90,933 shares of the company’s stock, valued at approximately $2,344,000. Global X MSCI Norway ETF accounts for approximately 0.7% of Activest Wealth Management’s investment portfolio, making the stock its 17th biggest holding.

Separately, Arlington Capital Management Inc. raised its position in shares of 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 valued at $951,000 after acquiring an additional 767 shares in the last quarter.

Global X MSCI Norway ETF Stock Down 0.5 %

Shares of NYSEARCA:NORW traded down $0.12 during trading on Thursday, hitting $25.35. 9,386 shares of the company traded hands, compared to its average volume of 9,712. The stock has a market capitalization of $50.95 million, a price-to-earnings ratio of 7.12 and a beta of 0.78. Global X MSCI Norway ETF has a one year low of $23.21 and a one year high of $27.56. The business’s fifty day moving average is $25.46 and its 200-day moving average is $25.73.

Global X MSCI Norway ETF 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.