Global X MSCI Norway ETF (NYSEARCA:NORW) Trading 0.8% Higher – Here’s What Happened

Global X MSCI Norway ETF (NYSEARCA:NORW) shares were up 0.8% during mid-day trading on Friday . The company traded as high as $23.99 and last traded at $23.97. Approximately 2,734 shares were traded during trading, a decline of 58% from the average daily volume of 6,517 shares. The stock had previously closed at $23.77.

Global X MSCI Norway ETF Price Performance

The firm’s 50-day moving average price is $24.73 and its 200-day moving average price is $25.30. The stock has a market cap of $48.18 million, a P/E ratio of 7.12 and a beta of 0.78.

Institutional Investors Weigh In On Global X MSCI Norway ETF

A number of hedge funds have recently bought and sold shares of NORW. EP Wealth Advisors LLC bought a new stake in shares of Global X MSCI Norway ETF during the third quarter worth $357,000. Arlington Capital Management Inc. raised its position in 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 purchasing an additional 767 shares in the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of Global X MSCI Norway ETF in the 3rd quarter worth $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.