Hilltop Holdings Inc. Lowers Stock Position in iShares MSCI Turkey ETF (NASDAQ:TUR)

Hilltop Holdings Inc. reduced its position in iShares MSCI Turkey ETF (NASDAQ:TUR) by 37.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,610 shares of the exchange traded fund’s stock after selling 62,061 shares during the quarter. Hilltop Holdings Inc. owned about 1.94% of iShares MSCI Turkey ETF worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TUR. Gallacher Capital Management LLC raised its position in iShares MSCI Turkey ETF by 10.6% in the third quarter. Gallacher Capital Management LLC now owns 28,085 shares of the exchange traded fund’s stock valued at $1,083,000 after purchasing an additional 2,686 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of iShares MSCI Turkey ETF by 1,501.1% during the third quarter. Qube Research & Technologies Ltd now owns 56,005 shares of the exchange traded fund’s stock valued at $2,160,000 after purchasing an additional 52,507 shares during the period. Glovista Investments LLC purchased a new stake in shares of iShares MSCI Turkey ETF during the third quarter valued at approximately $1,179,000. Anchor Investment Management LLC acquired a new position in shares of iShares MSCI Turkey ETF during the fourth quarter worth $31,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of iShares MSCI Turkey ETF in the fourth quarter valued at $1,636,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

iShares MSCI Turkey ETF Price Performance

TUR traded down $0.42 during trading hours on Friday, reaching $43.04. 74,647 shares of the stock traded hands, compared to its average volume of 123,081. iShares MSCI Turkey ETF has a fifty-two week low of $27.61 and a fifty-two week high of $44.41. The company has a market cap of $256.09 million, a price-to-earnings ratio of 5.50 and a beta of 0.68. The firm’s fifty day simple moving average is $39.09 and its two-hundred day simple moving average is $36.56.

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.