Bank of New York Mellon Corp Has $965,000 Stock Holdings in iShares MSCI Turkey ETF (NASDAQ:TUR)

Bank of New York Mellon Corp reduced its position in iShares MSCI Turkey ETF (NASDAQ:TUR) by 17.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 26,922 shares of the exchange traded fund’s stock after selling 5,677 shares during the period. Bank of New York Mellon Corp’s holdings in iShares MSCI Turkey ETF were worth $965,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management bought a new position in shares of iShares MSCI Turkey ETF in the 4th quarter valued at about $50,000. Sunbelt Securities Inc. acquired a new stake in iShares MSCI Turkey ETF during the 3rd quarter worth $186,000. Centiva Capital LP bought a new stake in shares of iShares MSCI Turkey ETF during the 3rd quarter valued at $287,000. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI Turkey ETF by 1,758.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,524 shares of the exchange traded fund’s stock valued at $456,000 after purchasing an additional 11,850 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares MSCI Turkey ETF in the 3rd quarter worth $627,000. Institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Up 2.8 %

Shares of iShares MSCI Turkey ETF stock opened at $32.63 on Wednesday. iShares MSCI Turkey ETF has a 12 month low of $30.29 and a 12 month high of $44.41. The business has a fifty day simple moving average of $35.51 and a 200 day simple moving average of $35.52. The stock has a market cap of $176.20 million, a PE ratio of 12.14 and a beta of 0.68.

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.