iShares MSCI Turkey ETF (NASDAQ:TUR) Stock Price Cross Below 200 Day Moving Average – Here’s What Happened

Shares of iShares MSCI Turkey ETF (NASDAQ:TUR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $39.94 and traded as low as $39.47. iShares MSCI Turkey ETF shares last traded at $39.55, with a volume of 209,220 shares.

iShares MSCI Turkey ETF Stock Up 0.6%

The stock’s 50-day moving average price is $39.26 and its 200 day moving average price is $39.92. The firm has a market cap of $215.68 million, a price-to-earnings ratio of 10.68 and a beta of 0.32.

iShares MSCI Turkey ETF Announces Dividend

The company also recently declared a semiannual dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.4792 per share. This represents a yield of 239.0%. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI Turkey ETF

A number of hedge funds have recently modified their holdings of TUR. Headlands Technologies LLC bought a new stake in iShares MSCI Turkey ETF in the 2nd quarter valued at $251,000. USA Financial Formulas acquired a new stake in iShares MSCI Turkey ETF in the 1st quarter valued at $181,000. Amundi bought a new stake in shares of iShares MSCI Turkey ETF in the 1st quarter worth about $218,000. Royal Bank of Canada increased its holdings in shares of iShares MSCI Turkey ETF by 43.7% during the first quarter. Royal Bank of Canada now owns 6,216 shares of the exchange traded fund’s stock worth $241,000 after buying an additional 1,889 shares in the last quarter. Finally, Hilltop Holdings Inc. bought a new position in iShares MSCI Turkey ETF in the 1st quarter valued at $1,086,000. Institutional investors own 44.58% of the company’s stock.

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.