iShares MSCI Norway ETF (BATS:ENOR) Stock Price Up 1% – Still a Buy?

Shares of iShares MSCI Norway ETF (BATS:ENOR) traded up 1% on Tuesday . The company traded as high as $37.45 and last traded at $37.32. Approximately 129,041 shares changed hands during mid-day trading, an increase of 62% from the average daily volume of 79,471 shares. The stock had previously closed at $36.95.

iShares MSCI Norway ETF Trading Down 1.2%

The business’s 50 day moving average price is $34.89 and its two-hundred day moving average price is $35.39. The stock has a market cap of $59.68 million, a P/E ratio of 12.79 and a beta of 1.00.

Hedge Funds Weigh In On iShares MSCI Norway ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in shares of iShares MSCI Norway ETF by 23.3% during the first quarter. Rhumbline Advisers now owns 2,010 shares of the company’s stock valued at $52,000 after purchasing an additional 380 shares in the last quarter. Raymond James Financial Inc. bought a new position in iShares MSCI Norway ETF in the 2nd quarter worth $43,000. Jane Street Group LLC purchased a new stake in iShares MSCI Norway ETF in the second quarter worth about $1,130,000. Bank of America Corp DE increased its holdings in iShares MSCI Norway ETF by 448.6% in the 2nd quarter. Bank of America Corp DE now owns 56,561 shares of the company’s stock worth $1,576,000 after acquiring an additional 46,250 shares in the last quarter. Finally, Osaic Holdings Inc. purchased a new stake in shares of iShares MSCI Norway ETF in the second quarter worth $29,000.

iShares MSCI Norway ETF Company Profile

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.