iShares MSCI Turkey ETF (NASDAQ:TUR) Stock Cross Above Fifty Day Moving Average – Here’s Why

iShares MSCI Turkey ETF (NASDAQ:TUR) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $33.53 and traded as high as $34.48. iShares MSCI Turkey ETF shares last traded at $34.42, with a volume of 82,945 shares traded.

iShares MSCI Turkey ETF Stock Up 1.7%

The stock has a market cap of $175.54 million, a P/E ratio of 10.68 and a beta of 0.48. The stock has a fifty day simple moving average of $33.53 and a 200-day simple moving average of $33.25.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in iShares MSCI Turkey ETF by 121.7% in the third quarter. UBS Group AG now owns 238,200 shares of the exchange traded fund’s stock worth $8,154,000 after purchasing an additional 130,746 shares during the period. OLD Mission Capital LLC grew its holdings in shares of iShares MSCI Turkey ETF by 141.9% in the 1st quarter. OLD Mission Capital LLC now owns 164,809 shares of the exchange traded fund’s stock valued at $5,409,000 after buying an additional 96,690 shares during the period. Millburn Ridgefield LLC DE increased its position in shares of iShares MSCI Turkey ETF by 7.7% in the 3rd quarter. Millburn Ridgefield LLC DE now owns 99,658 shares of the exchange traded fund’s stock valued at $3,411,000 after buying an additional 7,092 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of iShares MSCI Turkey ETF by 15.1% in the 2nd quarter. Quadrature Capital Ltd now owns 63,563 shares of the exchange traded fund’s stock valued at $2,051,000 after buying an additional 8,339 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in iShares MSCI Turkey ETF during the 3rd quarter worth $1,804,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

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.