Sunbelt Securities Inc. Takes $186,000 Position in iShares MSCI Turkey ETF (NASDAQ:TUR)

Sunbelt Securities Inc. purchased a new position in shares of iShares MSCI Turkey ETF (NASDAQ:TUR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,118 shares of the exchange traded fund’s stock, valued at approximately $186,000. Sunbelt Securities Inc. owned approximately 0.10% of iShares MSCI Turkey ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TUR. Sanctuary Advisors LLC bought a new position in iShares MSCI Turkey ETF in the 2nd quarter valued at about $793,000. Rhumbline Advisers increased its stake in iShares MSCI Turkey ETF by 4.8% in the second quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock valued at $274,000 after acquiring an additional 300 shares during the last quarter. Centiva Capital LP acquired a new position in iShares MSCI Turkey ETF during the third quarter valued at approximately $287,000. Gallacher Capital Management LLC raised its position in iShares MSCI Turkey ETF by 7.3% during the second quarter. Gallacher Capital Management LLC now owns 32,136 shares of the exchange traded fund’s stock valued at $1,350,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in iShares MSCI Turkey ETF during the second quarter worth $541,000. Institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Performance

Shares of TUR stock opened at $37.71 on Friday. iShares MSCI Turkey ETF has a fifty-two week low of $31.55 and a fifty-two week high of $44.41. The company has a market cap of $192.32 million, a PE ratio of 5.50 and a beta of 0.68. The stock’s fifty day moving average price is $34.91 and its two-hundred day moving average price is $38.03.

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.