Global X MSCI Norway ETF (NYSEARCA:NORW) Stock Falls 2% – Here’s What Happened

Shares of Global X MSCI Norway ETF (NYSEARCA:NORW) dropped 2% on Friday. The stock traded as low as $35.66 and last traded at $35.75. 20,453 shares were traded during trading, a decline of 75% from the average session volume of 80,325 shares. The stock had previously closed at $36.48.

Global X MSCI Norway ETF Price Performance

The firm has a market cap of $89.73 million, a P/E ratio of 11.85 and a beta of 0.68. The business’s 50-day moving average is $36.79 and its two-hundred day moving average is $36.14.

Institutional Trading of Global X MSCI Norway ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new stake in Global X MSCI Norway ETF during the first quarter valued at $2,148,000. Financial & Tax Architects LLC purchased a new stake in shares of Global X MSCI Norway ETF in the third quarter worth approximately $1,143,000. Royal Bank of Canada increased its position in shares of Global X MSCI Norway ETF by 1,576.1% during the first quarter. Royal Bank of Canada now owns 23,231 shares of the company’s stock valued at $888,000 after acquiring an additional 21,845 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Global X MSCI Norway ETF in the first quarter valued at about $386,000. Finally, Griffin Asset Management Inc. bought a new position in shares of Global X MSCI Norway ETF during the 1st quarter worth $334,000.

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.