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

Stifel Financial Corp trimmed its holdings in shares of iShares MSCI Turkey ETF (NASDAQ:TUR) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,402 shares of the exchange traded fund’s stock after selling 984 shares during the period. Stifel Financial Corp owned approximately 0.16% of iShares MSCI Turkey ETF worth $306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TUR. Rhumbline Advisers raised its stake in iShares MSCI Turkey ETF by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock valued at $274,000 after buying an additional 300 shares during the last quarter. Centiva Capital LP purchased a new stake in iShares MSCI Turkey ETF during the third quarter valued at $287,000. Smart Portfolios LLC purchased a new stake in iShares MSCI Turkey ETF during the third quarter valued at $331,000. KKM Financial LLC lifted its holdings in iShares MSCI Turkey ETF by 11.0% in the third quarter. KKM Financial LLC now owns 11,767 shares of the exchange traded fund’s stock valued at $428,000 after acquiring an additional 1,163 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in iShares MSCI Turkey ETF by 1,758.2% in the third quarter. BNP Paribas Financial Markets now owns 12,524 shares of the exchange traded fund’s stock worth $456,000 after purchasing an additional 11,850 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Trading Up 0.8 %

TUR opened at $37.02 on Friday. iShares MSCI Turkey ETF has a 12-month low of $31.63 and a 12-month high of $44.41. The company has a market cap of $188.80 million, a price-to-earnings ratio of 5.50 and a beta of 0.68. The company’s 50 day moving average is $35.42 and its 200 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. Shareholders of record on Tuesday, December 17th were given a $0.146 dividend. The ex-dividend date was Tuesday, December 17th.

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.