Global X MSCI Norway ETF (NYSEARCA:NORW) Stock Price Down 0.4% – Here’s What Happened

Global X MSCI Norway ETF (NYSEARCA:NORW) was down 0.4% during trading on Monday . The stock traded as low as $24.74 and last traded at $24.80. Approximately 7,519 shares were traded during trading, a decline of 61% from the average daily volume of 19,439 shares. The stock had previously closed at $24.91.

Global X MSCI Norway ETF Trading Up 0.4 %

The stock’s 50 day moving average price is $24.51 and its two-hundred day moving average price is $25.12. The firm has a market capitalization of $50.33 million, a price-to-earnings ratio of 7.12 and a beta of 0.78.

Institutional Investors Weigh In On Global X MSCI Norway ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arlington Capital Management Inc. grew its position in shares of Global X MSCI Norway ETF by 2.1% in the third 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 during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Global X MSCI Norway ETF during the third quarter worth about $357,000. Finally, Activest Wealth Management purchased a new position in shares of Global X MSCI Norway ETF during the third quarter valued at approximately $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.