iShares MSCI Turkey ETF (NASDAQ:TUR – Get Free Report) shares rose 0.5% on Friday. The stock traded as high as $32.24 and last traded at $32.20. 52,907 shares changed hands during trading, a decline of 80% from the average daily volume of 267,827 shares. The stock had previously closed at $32.05.
iShares MSCI Turkey ETF Price Performance
The stock’s fifty day simple moving average is $34.25 and its 200-day simple moving average is $38.58. The stock has a market cap of $170.66 million, a P/E ratio of 8.79 and a beta of 0.33.
Institutional Trading of iShares MSCI Turkey ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Group One Trading LLC acquired a new position in iShares MSCI Turkey ETF during the 3rd quarter valued at approximately $74,000. USA Financial Formulas bought a new position in iShares MSCI Turkey ETF during the 1st quarter worth $181,000. Amundi bought a new position in iShares MSCI Turkey ETF during the 1st quarter worth $218,000. Royal Bank of Canada increased its position in iShares MSCI Turkey ETF by 43.7% in the first quarter. Royal Bank of Canada now owns 6,216 shares of the exchange traded fund’s stock worth $241,000 after buying an additional 1,889 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in iShares MSCI Turkey ETF in the second quarter worth $251,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
About iShares MSCI Turkey ETF
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.
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