iShares MSCI Norway ETF (BATS:ENOR) Stock Price Down 1.7% – Here’s Why

iShares MSCI Norway ETF (BATS:ENOR)’s share price traded down 1.7% during mid-day trading on Wednesday . The company traded as low as $33.02 and last traded at $33.03. 51,632 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 91,993 shares. The stock had previously closed at $33.60.

iShares MSCI Norway ETF Price Performance

The stock has a market cap of $51.95 million, a price-to-earnings ratio of 12.79 and a beta of 1.00. The firm’s 50-day moving average is $36.67 and its 200 day moving average is $33.56.

Institutional Trading of iShares MSCI Norway ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in iShares MSCI Norway ETF by 23.3% in the first quarter. Rhumbline Advisers now owns 2,010 shares of the company’s stock valued at $52,000 after acquiring an additional 380 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Norway ETF during the first quarter worth about $32,000. Osaic Holdings Inc. acquired a new stake in iShares MSCI Norway ETF during the second quarter worth about $29,000. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Norway ETF in the 2nd quarter worth about $43,000. Finally, Royal Bank of Canada raised its holdings in shares of iShares MSCI Norway ETF by 79.8% in the 1st quarter. Royal Bank of Canada now owns 3,605 shares of the company’s stock worth $133,000 after purchasing an additional 1,600 shares during the period.

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.