iShares MSCI Norway ETF (BATS:ENOR) Trading Up 3.6% – Still a Buy?

iShares MSCI Norway ETF (BATS:ENOR) were up 3.6% during mid-day trading on Monday . The company traded as high as $23.40 and last traded at $23.84. Approximately 4,817 shares were traded during trading, The stock had previously closed at $23.01.

iShares MSCI Norway ETF Stock Up 3.6 %

The company has a market capitalization of $28.61 million, a price-to-earnings ratio of 10.92 and a beta of 1.19. The business’s 50-day moving average is $23.37 and its 200-day moving average is $23.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENOR. DRW Securities LLC acquired a new position in shares of iShares MSCI Norway ETF in the third quarter worth about $393,000. Jane Street Group LLC raised its position in shares of iShares MSCI Norway ETF by 372.5% in the third quarter. Jane Street Group LLC now owns 47,551 shares of the company’s stock worth $1,165,000 after acquiring an additional 37,488 shares during the period. Amundi raised its position in shares of iShares MSCI Norway ETF by 33.0% in the fourth quarter. Amundi now owns 18,552 shares of the company’s stock worth $424,000 after acquiring an additional 4,600 shares during the period. Bank of America Corp DE raised its position in shares of iShares MSCI Norway ETF by 264.6% in the fourth quarter. Bank of America Corp DE now owns 5,695 shares of the company’s stock worth $128,000 after acquiring an additional 4,133 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of iShares MSCI Norway ETF in the fourth quarter worth about $409,000.

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.