iShares MSCI Turkey ETF Target of Unusually Large Options Trading (NASDAQ:TUR)

iShares MSCI Turkey ETF (NASDAQ:TUR) was the recipient of unusually large options trading on Tuesday. Traders acquired 14,195 call options on the stock. This represents an increase of approximately 1,347% compared to the typical volume of 981 call options.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of iShares MSCI Turkey ETF by 166.0% during the first quarter. Royal Bank of Canada now owns 14,612 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 9,118 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of iShares MSCI Turkey ETF in the 1st quarter valued at about $230,000. SBI Securities Co. Ltd. grew its stake in iShares MSCI Turkey ETF by 4.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 14,864 shares of the exchange traded fund’s stock worth $480,000 after buying an additional 583 shares during the last quarter. City of London Investment Management Co. Ltd. grew its stake in iShares MSCI Turkey ETF by 8.9% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 20,700 shares of the exchange traded fund’s stock worth $668,000 after buying an additional 1,700 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in iShares MSCI Turkey ETF during the second quarter worth approximately $207,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Turkey ETF Stock Up 0.4%

Shares of iShares MSCI Turkey ETF stock opened at $41.93 on Wednesday. iShares MSCI Turkey ETF has a 52 week low of $29.64 and a 52 week high of $42.67. The firm’s 50 day moving average is $38.52 and its two-hundred day moving average is $35.59. The firm has a market capitalization of $348.02 million, a P/E ratio of 10.68 and a beta of 0.48.

iShares MSCI Turkey ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $0.3593 dividend. This represents a dividend yield of 207.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

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.