BlueCrest Capital Management Ltd Takes $6.17 Million Position in iShares MSCI Turkey ETF $TUR

BlueCrest Capital Management Ltd acquired a new position in iShares MSCI Turkey ETF (NASDAQ:TUR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 158,580 shares of the exchange traded fund’s stock, valued at approximately $6,166,000. BlueCrest Capital Management Ltd owned 2.88% of iShares MSCI Turkey ETF as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TUR. UBS Group AG raised its stake in iShares MSCI Turkey ETF by 121.7% during the 3rd quarter. UBS Group AG now owns 238,200 shares of the exchange traded fund’s stock valued at $8,154,000 after purchasing an additional 130,746 shares during the period. Catalyst Capital Advisors LLC raised its position in shares of iShares MSCI Turkey ETF by 8.0% during the fourth quarter. Catalyst Capital Advisors LLC now owns 107,637 shares of the exchange traded fund’s stock valued at $3,705,000 after buying an additional 7,979 shares during the last quarter. Group One Trading LLC boosted its position in shares of iShares MSCI Turkey ETF by 5.8% during the first quarter. Group One Trading LLC now owns 67,857 shares of the exchange traded fund’s stock worth $2,623,000 after acquiring an additional 3,731 shares during the last quarter. Quadrature Capital Ltd purchased a new position in iShares MSCI Turkey ETF during the fourth quarter valued at $1,653,000. Finally, SG Americas Securities LLC bought a new stake in iShares MSCI Turkey ETF in the 1st quarter valued at $1,546,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Up 0.8%

Shares of TUR stock opened at $40.78 on Thursday. The company’s fifty day simple moving average is $39.33 and its two-hundred day simple moving average is $39.86. iShares MSCI Turkey ETF has a 52 week low of $31.72 and a 52 week high of $43.98. The stock has a market cap of $224.29 million, a P/E ratio of 10.68 and a beta of 0.32.

iShares MSCI Turkey ETF Dividend Announcement

The company also recently declared a semiannual dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.4792 per share. This represents a yield of 239.0%. The ex-dividend date was Monday, June 15th.

iShares MSCI Turkey ETF Profile

iShares MSCI Turkey ETF (the Fund), formerly The iShares MSCI Turkey Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Turkey Investable Market Index (the Underlying Index). The Underlying Index is a free float-adjusted market capitalization index designed to measure equity market performance in Turkey. As of September 7, 2012, the Fund invests in sectors, such as financials, consumer staples, industrials, telecommunication services, materials, consumer discretionary, energy, healthcare, utilities and information technology.