Global X MSCI Norway ETF (NYSEARCA:NORW) Shares Up 0.7% – Still a Buy?

Global X MSCI Norway ETF (NYSEARCA:NORW) shares shot up 0.7% during trading on Tuesday . The company traded as high as $26.13 and last traded at $25.87. 25,651 shares were traded during trading, an increase of 159% from the average session volume of 9,888 shares. The stock had previously closed at $25.68.

Global X MSCI Norway ETF Price Performance

The stock has a fifty day moving average of $24.81 and a 200 day moving average of $25.06. The firm has a market capitalization of $48.12 million, a P/E ratio of 11.46 and a beta of 0.91.

Institutional Investors Weigh In On Global X MSCI Norway ETF

A number of hedge funds have recently made changes to their positions in NORW. Activest Wealth Management purchased a new stake in shares of Global X MSCI Norway ETF during the 3rd quarter worth approximately $2,344,000. Jane Street Group LLC bought a new position in Global X MSCI Norway ETF during the fourth quarter valued at $327,000. EP Wealth Advisors LLC purchased a new stake in Global X MSCI Norway ETF in the third quarter worth $357,000. Finally, Bank of America Corp DE raised its stake in shares of Global X MSCI Norway ETF by 2,069.6% in the fourth quarter. Bank of America Corp DE now owns 10,848 shares of the company’s stock valued at $255,000 after buying an additional 10,348 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.