Today’s Ownership Action: Turkish Investment Fund Inc (NYSE:TKF) Institutional Investors 2016 Q2 Sentiment

November 18, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Ownership Action: Turkish Investment Fund Inc (NYSE:TKF) Institutional Investors  2016 Q2 Sentiment

Sentiment for Turkish Investment Fund Inc (NYSE:TKF)

Turkish Investment Fund Inc (NYSE:TKF) institutional sentiment decreased to 1.11 in Q2 2016. Its down -0.18, from 1.29 in 2016Q1. The ratio dived, as 9 funds started new and increased holdings, while 7 decreased and sold positions in Turkish Investment Fund Inc. The funds in our partner’s database now own: 1.34 million shares, up from 1.29 million shares in 2016Q1. Also, the number of funds holding Turkish Investment Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 4 Increased: 7 New Position: 2.

The Turkish Investment Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $32.24 million. The Fund’s investment objective is long-term capital appreciation through investments primarily in equity securities of Turkish firms. It has a 93.96 P/E ratio. The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Funds.

The stock decreased 1.41% or $0.1 on November 17, hitting $7. Turkish Investment Fund Inc (NYSE:TKF) has declined 26.62% since April 18, 2016 and is downtrending. It has underperformed by 31.05% the S&P500.

City Of London Investment Management Co Ltd holds 0.58% of its portfolio in Turkish Investment Fund Inc for 854,651 shares. Gramercy Funds Management Llc owns 148,146 shares or 0.53% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 0.2% invested in the company for 27,196 shares. The Alabama-based Cornerstone Advisors Inc has invested 0.08% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 48,683 shares.#img1#

TKF Company Profile

The Turkish Investment Fund, Inc. (the Fund), incorporated on September 27, 1988, is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investments primarily in equity securities of Turkish firms. The Company’s portfolio includes Turkish common stocks and short-term investments.

More notable recent Turkish Investment Fund Inc (NYSE:TKF) news were published by: Marketwatch.com which released: “Turkish Investment Fund Inc.” on January 31, 2011, also Businesswire.com with their article: “Morgan Stanley Closed-End Funds Announce Appointment of New Directors” published on January 09, 2015, 247Wallst.com published: “Turkey: When a Coup Doesn’t Destroy a Market” on July 18, 2016. More interesting news about Turkish Investment Fund Inc (NYSE:TKF) were released by: Businesswire.com and their article: “The Central Europe, Russia and Turkey Fund, Inc., The European Equity Fund …” published on October 21, 2016 as well as Streetinsider.com‘s news article titled: “Turkey, Russia to establish joint investment fund: Anadolu Agency” with publication date: October 10, 2016.

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By Marguerite Chambers

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