iShares MSCI Norway ETF (BATS:ENOR) Trading Up 3.6% – Still a Buy?

iShares MSCI Norway ETF (BATS:ENOR)’s share price shot up 3.6% during mid-day trading on Monday . The company traded as high as $23.40 and last traded at $23.84. 4,817 shares were traded during trading, The stock had previously closed at $23.01.

iShares MSCI Norway ETF Trading Up 3.6 %

The company has a market capitalization of $28.61 million, a price-to-earnings ratio of 10.92 and a beta of 1.19. The stock’s fifty day simple moving average is $23.37 and its 200-day simple moving average is $23.85.

Institutional Investors Weigh In On iShares MSCI Norway ETF

A number of hedge funds have recently added to or reduced their stakes in ENOR. Bank of America Corp DE lifted its holdings in iShares MSCI Norway ETF by 264.6% during the 4th quarter. Bank of America Corp DE now owns 5,695 shares of the company’s stock worth $128,000 after buying an additional 4,133 shares in the last quarter. DRW Securities LLC acquired a new stake in iShares MSCI Norway ETF during the 3rd quarter worth approximately $393,000. Citadel Advisors LLC purchased a new stake in shares of iShares MSCI Norway ETF in the 4th quarter valued at approximately $409,000. Amundi increased its position in shares of iShares MSCI Norway ETF by 33.0% in the 4th quarter. Amundi now owns 18,552 shares of the company’s stock valued at $424,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of iShares MSCI Norway ETF by 372.5% in the 3rd quarter. Jane Street Group LLC now owns 47,551 shares of the company’s stock valued at $1,165,000 after purchasing an additional 37,488 shares during the last quarter.

About iShares MSCI Norway ETF

The iShares MSCI Norway ETF (ENOR) is an exchange-traded fund that is based on the MSCI Norway IMI 25\u002F50 index, a market-cap-weighted index of Norwegian stocks. ENOR was launched on Jan 23, 2012 and is managed by BlackRock.