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Global X MSCI Norway ETF (NYSEARCA:NORW) Trading Down 0.5%

Defense World ·  Apr 11, 2023 01:43

Shares of Global X MSCI Norway ETF (NYSEARCA:NORW – Get Rating) were down 0.5% during trading on Monday . The company traded as low as $24.19 and last traded at $24.26. Approximately 35,731 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 43,932 shares. The stock had previously closed at $24.37.

Global X MSCI Norway ETF Trading Down 0.5 %

The firm has a market cap of $96.05 million, a PE ratio of 8.06 and a beta of 0.95. The stock's 50 day moving average price is $24.88 and its 200 day moving average price is $24.94.

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Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its position in shares of Global X MSCI Norway ETF by 11.2% in the third quarter. Spire Wealth Management now owns 3,952 shares of the company's stock worth $86,000 after buying an additional 397 shares during the period. LPL Financial LLC grew its position in Global X MSCI Norway ETF by 3.3% in the second quarter. LPL Financial LLC now owns 20,887 shares of the company's stock valued at $545,000 after acquiring an additional 676 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Global X MSCI Norway ETF by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,166 shares of the company's stock valued at $56,000 after purchasing an additional 733 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Global X MSCI Norway ETF during the first quarter worth $28,000. Finally, Accuvest Global Advisors lifted its position in shares of Global X MSCI Norway ETF by 2.0% during the third quarter. Accuvest Global Advisors now owns 46,152 shares of the company's stock worth $1,009,000 after purchasing an additional 909 shares in the last quarter.

About Global X MSCI Norway ETF

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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.

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