iShares MSCI Norway ETF (BATS:ENOR) Shares Up 2.9% – Still a Buy?

iShares MSCI Norway ETF (BATS:ENOR) shares traded up 2.9% on Tuesday . The stock traded as high as $28.3790 and last traded at $29.1550. 4,121 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 13,070 shares. The stock had previously closed at $28.3280.

iShares MSCI Norway ETF Trading Up 2.9%

The firm’s fifty day moving average price is $27.98 and its 200-day moving average price is $28.08. The company has a market cap of $46.65 million, a price-to-earnings ratio of 12.79 and a beta of 1.00.

Institutional Investors Weigh In On iShares MSCI Norway ETF

A number of hedge funds have recently modified their holdings of ENOR. Bank of America Corp DE lifted its holdings in shares of iShares MSCI Norway ETF by 448.6% during the 2nd quarter. Bank of America Corp DE now owns 56,561 shares of the company’s stock valued at $1,576,000 after purchasing an additional 46,250 shares in the last quarter. Jane Street Group LLC acquired a new stake in iShares MSCI Norway ETF during the 2nd quarter worth approximately $1,130,000. Susquehanna International Group LLP lifted its stake in iShares MSCI Norway ETF by 234.7% in the third quarter. Susquehanna International Group LLP now owns 30,823 shares of the company’s stock valued at $880,000 after buying an additional 21,613 shares in the last quarter. Arrow Investment Advisors LLC bought a new position in iShares MSCI Norway ETF in the second quarter valued at approximately $671,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Norway ETF in the third quarter valued at approximately $578,000.

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.