Hilltop Holdings Inc. Invests $1.09 Million in iShares MSCI Turkey ETF $TUR

Hilltop Holdings Inc. acquired a new stake in iShares MSCI Turkey ETF (NASDAQ:TUR) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,097 shares of the exchange traded fund’s stock, valued at approximately $1,086,000. Hilltop Holdings Inc. owned 0.47% of iShares MSCI Turkey ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in iShares MSCI Turkey ETF in the 4th quarter valued at approximately $26,000. Osaic Holdings Inc. grew its holdings in iShares MSCI Turkey ETF by 81.7% during the 2nd quarter. Osaic Holdings Inc. now owns 836 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 376 shares during the last quarter. Raymond James Financial Inc. bought a new stake in iShares MSCI Turkey ETF during the 2nd quarter worth approximately $47,000. Align Financial LLC acquired a new position in iShares MSCI Turkey ETF in the 4th quarter valued at approximately $59,000. Finally, Triumph Capital Management acquired a new position in iShares MSCI Turkey ETF in the 3rd quarter valued at approximately $131,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Performance

TUR stock opened at $39.16 on Friday. The company has a market capitalization of $205.59 million, a P/E ratio of 10.68 and a beta of 0.33. The company has a fifty day moving average price of $39.22 and a 200-day moving average price of $39.93. iShares MSCI Turkey ETF has a 52-week low of $31.72 and a 52-week high of $43.98.

iShares MSCI Turkey ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.4792 dividend. The ex-dividend date was Monday, June 15th.

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.