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

iShares MSCI Turkey ETF (NASDAQ:TUR)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $38.32 and traded as low as $36.84. iShares MSCI Turkey ETF shares last traded at $37.02, with a volume of 133,598 shares traded.

iShares MSCI Turkey ETF Stock Up 1.1 %

The stock has a market cap of $191.45 million, a PE ratio of 5.50 and a beta of 0.68. The stock has a 50-day moving average of $34.58 and a 200 day moving average of $38.31.

Hedge Funds Weigh In On iShares MSCI Turkey ETF

A number of institutional investors have recently added to or reduced their stakes in TUR. Sanctuary Advisors LLC increased its stake in iShares MSCI Turkey ETF by 54.3% during the third quarter. Sanctuary Advisors LLC now owns 30,840 shares of the exchange traded fund’s stock worth $1,113,000 after acquiring an additional 10,851 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in iShares MSCI Turkey ETF during the third quarter worth $186,000. Centiva Capital LP acquired a new stake in iShares MSCI Turkey ETF during the third quarter worth $287,000. Flow Traders U.S. LLC acquired a new stake in iShares MSCI Turkey ETF during the third quarter worth $627,000. Finally, BNP Paribas Financial Markets increased its stake in iShares MSCI Turkey ETF by 1,758.2% during the third quarter. BNP Paribas Financial Markets now owns 12,524 shares of the exchange traded fund’s stock worth $456,000 after acquiring an additional 11,850 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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.