Wealthfront Advisers LLC Invests $27.17 Million in iShares MSCI Turkey ETF (NASDAQ:TUR)

Wealthfront Advisers LLC acquired a new position in shares of iShares MSCI Turkey ETF (NASDAQ:TUR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 757,764 shares of the exchange traded fund’s stock, valued at approximately $27,173,000. Wealthfront Advisers LLC owned approximately 14.03% of iShares MSCI Turkey ETF as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Spire Wealth Management bought a new position in shares of iShares MSCI Turkey ETF during the fourth quarter worth about $50,000. Sunbelt Securities Inc. bought a new position in shares of iShares MSCI Turkey ETF in the third quarter valued at approximately $186,000. Centiva Capital LP bought a new position in shares of iShares MSCI Turkey ETF in the third quarter valued at approximately $287,000. KKM Financial LLC lifted its holdings in iShares MSCI Turkey ETF by 11.0% during the third quarter. KKM Financial LLC now owns 11,767 shares of the exchange traded fund’s stock worth $428,000 after acquiring an additional 1,163 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings 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 period. 44.58% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Turkey ETF Price Performance

Shares of TUR opened at $37.05 on Wednesday. The firm has a market cap of $200.07 million, a PE ratio of 4.83 and a beta of 0.68. The stock’s fifty day moving average price is $35.72 and its two-hundred day moving average price is $35.65. iShares MSCI Turkey ETF has a 1 year low of $32.43 and a 1 year high of $44.41.

iShares MSCI Turkey ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.146 per share. The ex-dividend date was Tuesday, December 17th.

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.