Hsbc Holdings PLC Trims Stake in iShares MSCI Turkey ETF (NASDAQ:TUR)

Hsbc Holdings PLC lowered its stake in shares of iShares MSCI Turkey ETF (NASDAQ:TUR) by 34.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 32,585 shares of the exchange traded fund’s stock after selling 17,500 shares during the period. Hsbc Holdings PLC’s holdings in iShares MSCI Turkey ETF were worth $1,369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TUR. Rhumbline Advisers grew its holdings in iShares MSCI Turkey ETF by 4.8% in the second quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock worth $274,000 after purchasing an additional 300 shares during the period. V Square Quantitative Management LLC purchased a new stake in iShares MSCI Turkey ETF in the second quarter worth about $31,000. Onyx Bridge Wealth Group LLC grew its holdings in iShares MSCI Turkey ETF by 2.7% in the first quarter. Onyx Bridge Wealth Group LLC now owns 31,906 shares of the exchange traded fund’s stock worth $1,266,000 after purchasing an additional 826 shares during the period. Gallacher Capital Management LLC grew its holdings in iShares MSCI Turkey ETF by 5.2% in the first quarter. Gallacher Capital Management LLC now owns 29,944 shares of the exchange traded fund’s stock worth $1,076,000 after purchasing an additional 1,473 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in iShares MSCI Turkey ETF by 64.6% in the fourth quarter. BNP Paribas Financial Markets now owns 15,456 shares of the exchange traded fund’s stock worth $499,000 after purchasing an additional 6,066 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Performance

Shares of TUR opened at $36.78 on Friday. The stock has a market cap of $211.49 million, a PE ratio of 5.50 and a beta of 0.68. iShares MSCI Turkey ETF has a fifty-two week low of $31.55 and a fifty-two week high of $44.41. The firm’s 50-day simple moving average is $38.49 and its two-hundred day simple moving average is $39.59.

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.