Global X MSCI Norway ETF (NYSEARCA:NORW) Trading 1.1% Higher – Here’s What Happened

Shares of Global X MSCI Norway ETF (NYSEARCA:NORW) were up 1.1% during trading on Monday . The stock traded as high as $35.77 and last traded at $35.73. Approximately 15,521 shares changed hands during mid-day trading, a decline of 85% from the average daily 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 capitalization of $89.32 million, a PE ratio of 12.35 and a beta of 0.69. The company’s 50-day simple moving average is $34.71 and its 200-day simple moving average is $35.85.

Institutional Investors Weigh In On Global X MSCI Norway ETF

Several hedge funds have recently made changes to their positions in NORW. Geneos Wealth Management Inc. purchased a new position in shares of Global X MSCI Norway ETF during the first quarter worth about $2,148,000. Cetera Investment Advisers acquired a new stake in Global X MSCI Norway ETF during the 1st quarter worth approximately $202,000. PNC Financial Services Group Inc. purchased a new position in shares of Global X MSCI Norway ETF in the 1st quarter valued at approximately $386,000. EP Wealth Advisors LLC purchased a new position in shares of Global X MSCI Norway ETF in the 4th quarter valued at approximately $266,000. Finally, LPL Financial LLC increased its holdings in shares of Global X MSCI Norway ETF by 22.8% in the fourth quarter. LPL Financial LLC now owns 8,667 shares of the company’s stock valued at $260,000 after purchasing an additional 1,610 shares during the period.

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.