iShares MSCI Turkey ETF (NASDAQ:TUR) Stock Pass Below Two Hundred Day Moving Average – Should You Sell?

Posted by Thomas Dobrow on Dec 4th, 2024

Shares of iShares MSCI Turkey ETF (NASDAQ:TUR – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.32 and traded as low as $36.84. iShares MSCI Turkey ETF shares last traded at $37.02, with a volume of 133,598 shares trading hands.

iShares MSCI Turkey ETF Stock Up 1.7 %

The stock’s 50-day moving average price is $34.58 and its 200 day moving average price is $38.32. The company has a market cap of $186.95 million, a P/E ratio of 5.50 and a beta of 0.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of iShares MSCI Turkey ETF in the second quarter valued at about $31,000. Sunbelt Securities Inc. acquired a new stake in iShares MSCI Turkey ETF in the 3rd quarter valued at approximately $186,000. Rhumbline Advisers increased its position in iShares MSCI Turkey ETF by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 6,520 shares of the exchange traded fund’s stock worth $274,000 after buying an additional 300 shares during the period. Centiva Capital LP acquired a new position in shares of iShares MSCI Turkey ETF during the third quarter worth approximately $287,000. Finally, Smart Portfolios LLC bought a new stake in shares of iShares MSCI Turkey ETF in the third quarter valued at approximately $331,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

About iShares MSCI Turkey ETF

(Get Free Report)

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.