iShares MSCI Turkey ETF (NASDAQ:TUR) Share Price Pass Below 200 Day Moving Average – What’s Next?

iShares MSCI Turkey ETF (NASDAQ:TUR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.15 and traded as low as $31.42. iShares MSCI Turkey ETF shares last traded at $32.83, with a volume of 556,951 shares trading hands.

iShares MSCI Turkey ETF Stock Performance

The stock has a fifty day moving average price of $34.49 and a 200-day moving average price of $35.15. The firm has a market cap of $174.00 million, a PE ratio of 10.40 and a beta of 0.68.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Several institutional investors have recently bought and sold shares of the business. Wealthfront Advisers LLC acquired a new position in shares of iShares MSCI Turkey ETF during the 4th quarter valued at $27,173,000. TT International Asset Management LTD acquired a new position in shares of iShares MSCI Turkey ETF during the fourth quarter worth about $2,658,000. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI Turkey ETF by 186.9% during the fourth quarter. BNP Paribas Financial Markets now owns 35,933 shares of the exchange traded fund’s stock worth $1,289,000 after purchasing an additional 23,409 shares in the last quarter. Gallacher Capital Management LLC boosted its position in shares of iShares MSCI Turkey ETF by 6.5% in the fourth quarter. Gallacher Capital Management LLC now owns 35,178 shares of the exchange traded fund’s stock worth $1,261,000 after buying an additional 2,154 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of iShares MSCI Turkey ETF by 54.3% in the third quarter. Sanctuary Advisors LLC now owns 30,840 shares of the exchange traded fund’s stock valued at $1,113,000 after buying an additional 10,851 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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.