iShares MSCI Turkey ETF $TUR Position Reduced by UBS Group AG

UBS Group AG trimmed its position in iShares MSCI Turkey ETF (NASDAQ:TUR) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,896 shares of the exchange traded fund’s stock after selling 27,304 shares during the quarter. UBS Group AG owned approximately 2.87% of iShares MSCI Turkey ETF worth $7,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Advisors LLC acquired a new position in shares of iShares MSCI Turkey ETF in the third quarter worth about $419,000. Cresset Asset Management LLC acquired a new position in shares of iShares MSCI Turkey ETF in the third quarter worth about $838,000. Financial & Tax Architects LLC acquired a new position in shares of iShares MSCI Turkey ETF in the third quarter worth about $234,000. Gallacher Capital Management LLC boosted its holdings in shares of iShares MSCI Turkey ETF by 12.8% in the third quarter. Gallacher Capital Management LLC now owns 40,458 shares of the exchange traded fund’s stock worth $1,385,000 after buying an additional 4,598 shares during the period. Finally, Millburn Ridgefield LLC DE boosted its holdings in shares of iShares MSCI Turkey ETF by 7.7% in the third quarter. Millburn Ridgefield LLC DE now owns 99,658 shares of the exchange traded fund’s stock worth $3,411,000 after buying an additional 7,092 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Turkey ETF Price Performance

Shares of TUR opened at $40.52 on Tuesday. iShares MSCI Turkey ETF has a one year low of $29.64 and a one year high of $43.98. The company has a 50-day moving average of $40.67 and a two-hundred day moving average of $38.20. The stock has a market cap of $243.12 million, a price-to-earnings ratio of 10.68 and a beta of 0.37.

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. As of September 7, 2012, the Fund invests in sectors, such as financials, consumer staples, industrials, telecommunication services, materials, consumer discretionary, energy, healthcare, utilities and information technology.