Cresset Asset Management LLC Makes New Investment in iShares MSCI Turkey ETF $TUR

Cresset Asset Management LLC purchased a new position in shares of iShares MSCI Turkey ETF (NASDAQ:TUR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,494 shares of the exchange traded fund’s stock, valued at approximately $838,000. Cresset Asset Management LLC owned 0.48% of iShares MSCI Turkey ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TUR. Osaic Holdings Inc. grew its holdings in shares of iShares MSCI Turkey ETF by 81.7% in the second quarter. Osaic Holdings Inc. now owns 836 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 376 shares during the period. Raymond James Financial Inc. purchased a new position in iShares MSCI Turkey ETF during the second quarter worth about $47,000. JPMorgan Chase & Co. acquired a new position in iShares MSCI Turkey ETF in the 2nd quarter valued at about $207,000. Trek Financial LLC acquired a new position in iShares MSCI Turkey ETF in the 2nd quarter valued at about $207,000. Finally, Mount Lucas Management LP purchased a new stake in shares of iShares MSCI Turkey ETF in the 3rd quarter valued at approximately $212,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Price Performance

Shares of NASDAQ TUR opened at $39.18 on Wednesday. The company has a 50 day simple moving average of $39.49 and a 200-day simple moving average of $35.92. The company has a market capitalization of $325.19 million, a P/E ratio of 10.68 and a beta of 0.48. iShares MSCI Turkey ETF has a 1 year low of $29.64 and a 1 year high of $42.67.

iShares MSCI Turkey ETF Dividend Announcement

The firm also recently disclosed 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 yield of 207.0%. The ex-dividend date was Tuesday, December 16th.

iShares MSCI Turkey ETF Company 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. 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.