iShares MSCI Turkey ETF (NASDAQ:TUR) Shares Cross Above 50 Day Moving Average – Here’s What Happened
by Kim Johansen · The Markets DailyiShares MSCI Turkey ETF (NASDAQ:TUR – Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $33.79 and traded as high as $34.91. iShares MSCI Turkey ETF shares last traded at $34.84, with a volume of 89,546 shares.
iShares MSCI Turkey ETF Price Performance
The firm’s 50-day moving average is $33.79 and its 200 day moving average is $33.56. The stock has a market cap of $177.68 million, a price-to-earnings ratio of 10.68 and a beta of 0.48.
iShares MSCI Turkey ETF Announces Dividend
The company also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.3593 per share. This represents a yield of 207.0%. The ex-dividend date of this dividend was Tuesday, December 16th.
Hedge Funds Weigh In On iShares MSCI Turkey ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. OLD Mission Capital LLC increased its position in shares of iShares MSCI Turkey ETF by 141.9% in the first quarter. OLD Mission Capital LLC now owns 164,809 shares of the exchange traded fund’s stock worth $5,409,000 after acquiring an additional 96,690 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in iShares MSCI Turkey ETF in the 1st quarter valued at $520,000. Royal Bank of Canada raised its position in iShares MSCI Turkey ETF by 166.0% in the first quarter. Royal Bank of Canada now owns 14,612 shares of the exchange traded fund’s stock valued at $479,000 after purchasing an additional 9,118 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of iShares MSCI Turkey ETF during the first quarter worth about $230,000. Finally, Gallacher Capital Management LLC lifted its stake in shares of iShares MSCI Turkey ETF by 1.9% during the second quarter. Gallacher Capital Management LLC now owns 35,860 shares of the exchange traded fund’s stock worth $1,157,000 after purchasing an additional 667 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
iShares MSCI Turkey ETF Company 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.