iShares MSCI Turkey ETF Plans Dividend of $0.36 (NASDAQ:TUR)

iShares MSCI Turkey ETF (NASDAQ:TUR) announced a dividend on Monday, December 15th. Investors of record on Tuesday, December 16th will be paid a dividend of 0.3593 per share by the exchange traded fund on Friday, December 19th. This represents a dividend yield of 204.0%. The ex-dividend date of this dividend is Tuesday, December 16th.

iShares MSCI Turkey ETF Stock Down 1.4%

NASDAQ:TUR opened at $34.78 on Tuesday. The stock’s 50-day simple moving average is $33.60 and its 200 day simple moving average is $33.39. The firm has a market capitalization of $177.40 million, a PE ratio of 10.68 and a beta of 0.48. iShares MSCI Turkey ETF has a twelve month low of $29.64 and a twelve month high of $38.55.

Institutional Investors Weigh In On iShares MSCI Turkey ETF

Several hedge funds and other institutional investors have recently made changes to their positions in TUR. Osaic Holdings Inc. increased its position in iShares MSCI Turkey ETF by 81.7% during the 2nd quarter. Osaic Holdings Inc. now owns 836 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 376 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Turkey ETF during the second quarter worth $47,000. Triumph Capital Management acquired a new position in shares of iShares MSCI Turkey ETF during the third quarter worth $131,000. Trek Financial LLC acquired a new position in shares of iShares MSCI Turkey ETF during the second quarter worth $207,000. Finally, JPMorgan Chase & Co. bought a new position in shares of iShares MSCI Turkey ETF in the 2nd quarter valued at $207,000. 44.58% of the stock is owned by institutional investors.

iShares MSCI Turkey ETF Company 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.