iShares MSCI Norway ETF (BATS:ENOR) Trading 2.8% Higher – Should You Buy?

iShares MSCI Norway ETF (BATS:ENOR)’s stock price shot up 2.8% during mid-day trading on Tuesday . The stock traded as high as $36.96 and last traded at $36.95. 230,640 shares changed hands during trading, an increase of 410% from the average session volume of 45,235 shares. The stock had previously closed at $35.96.

iShares MSCI Norway ETF Trading Up 1.0%

The firm has a 50 day moving average of $33.82 and a 200-day moving average of $30.29. The company has a market cap of $58.98 million, a P/E ratio of 12.79 and a beta of 1.00.

Institutional Investors Weigh In On iShares MSCI Norway ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. bought a new position in shares of iShares MSCI Norway ETF during the second quarter worth $29,000. Raymond James Financial Inc. bought a new stake in iShares MSCI Norway ETF in the 2nd quarter valued at $43,000. Rhumbline Advisers lifted its stake in iShares MSCI Norway ETF by 23.3% in the 1st quarter. Rhumbline Advisers now owns 2,010 shares of the company’s stock worth $52,000 after purchasing an additional 380 shares in the last quarter. Royal Bank of Canada lifted its stake in iShares MSCI Norway ETF by 902.5% in the 4th quarter. Royal Bank of Canada now owns 2,005 shares of the company’s stock worth $58,000 after purchasing an additional 1,805 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in shares of iShares MSCI Norway ETF during the 4th quarter valued at about $124,000.

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.