Bank of America Corp DE Decreases Position in iShares MSCI Turkey ETF (NASDAQ:TUR)

Bank of America Corp DE lessened its stake in iShares MSCI Turkey ETF (NASDAQ:TUR) by 45.2% during the fourth quarter, HoldingsChannel reports. The firm owned 20,407 shares of the exchange traded fund’s stock after selling 16,835 shares during the period. Bank of America Corp DE’s holdings in iShares MSCI Turkey ETF were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Spire Wealth Management purchased a new stake in shares of iShares MSCI Turkey ETF during the 4th quarter valued at approximately $50,000. Smart Portfolios LLC raised its holdings in iShares MSCI Turkey ETF by 4.2% during the 4th quarter. Smart Portfolios LLC now owns 9,473 shares of the exchange traded fund’s stock valued at $340,000 after acquiring an additional 385 shares during the period. SBI Securities Co. Ltd. bought a new stake in iShares MSCI Turkey ETF during the 4th quarter valued at $493,000. Gallacher Capital Management LLC lifted its position in shares of iShares MSCI Turkey ETF by 6.5% during the fourth quarter. Gallacher Capital Management LLC now owns 35,178 shares of the exchange traded fund’s stock worth $1,261,000 after acquiring an additional 2,154 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of iShares MSCI Turkey ETF by 186.9% in the fourth quarter. BNP Paribas Financial Markets now owns 35,933 shares of the exchange traded fund’s stock worth $1,289,000 after acquiring an additional 23,409 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Stock Performance

Shares of NASDAQ TUR opened at $31.61 on Monday. iShares MSCI Turkey ETF has a fifty-two week low of $29.86 and a fifty-two week high of $44.12. The stock has a market cap of $139.08 million, a PE ratio of 10.02 and a beta of 0.68. The stock has a fifty day moving average of $31.56 and a 200-day moving average of $34.31.

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.