Stifel Financial Corp Sells 984 Shares of iShares MSCI Turkey ETF (NASDAQ:TUR)

Stifel Financial Corp cut its holdings in iShares MSCI Turkey ETF (NASDAQ:TUR) by 10.5% during the third quarter, Holdings Channel reports. The firm owned 8,402 shares of the exchange traded fund’s stock after selling 984 shares during the quarter. Stifel Financial Corp’s holdings in iShares MSCI Turkey ETF were worth $306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rhumbline Advisers increased its position 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 last quarter. Waycross Investment Management Co grew its stake in shares of iShares MSCI Turkey ETF by 1.1% in the 3rd quarter. Waycross Investment Management Co now owns 28,742 shares of the exchange traded fund’s stock worth $1,046,000 after buying an additional 319 shares in the last quarter. KKM Financial LLC increased its holdings in shares of iShares MSCI Turkey ETF by 11.0% in the 3rd quarter. KKM Financial LLC now owns 11,767 shares of the exchange traded fund’s stock worth $428,000 after buying an additional 1,163 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of iShares MSCI Turkey ETF by 7.3% during the 2nd quarter. Gallacher Capital Management LLC now owns 32,136 shares of the exchange traded fund’s stock valued at $1,350,000 after buying an additional 2,192 shares in the last quarter. Finally, Centiva Capital LP bought a new position in shares of iShares MSCI Turkey ETF in the 3rd quarter valued at about $287,000. 44.58% of the stock is currently owned by institutional investors.

iShares MSCI Turkey ETF Price Performance

Shares of NASDAQ TUR opened at $37.02 on Friday. The stock has a market capitalization of $188.80 million, a P/E ratio of 5.50 and a beta of 0.68. iShares MSCI Turkey ETF has a 1-year low of $31.63 and a 1-year high of $44.41. The business’s 50 day moving average is $35.42 and its two-hundred day moving average is $37.65.

iShares MSCI Turkey ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.146 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.