Wells Fargo & Company MN purchased a new stake in Turkish Investment Fund Inc (NYSE:TKF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 78,621 shares of the financial services provider’s stock, valued at approximately $737,000. Wells Fargo & Company MN owned approximately 1.81% of Turkish Investment Fund as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of TKF. Deschutes Portfolio Strategy LLC grew its position in shares of Turkish Investment Fund by 46.1% in the 3rd quarter. Deschutes Portfolio Strategy LLC now owns 219,466 shares of the financial services provider’s stock worth $2,057,000 after buying an additional 69,266 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Turkish Investment Fund in the 2nd quarter worth approximately $632,000. Finally, K2 Principal Fund L.P. grew its position in shares of Turkish Investment Fund by 14.9% in the 3rd quarter. K2 Principal Fund L.P. now owns 204,450 shares of the financial services provider’s stock worth $1,859,000 after buying an additional 26,578 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.
Shares of Turkish Investment Fund Inc (NYSE:TKF) traded up $0.03 during trading on Tuesday, hitting $9.14. 35,800 shares of the stock were exchanged, compared to its average volume of 22,891. The stock has a market cap of $39.57 and a P/E ratio of 130.57. Turkish Investment Fund Inc has a 52-week low of $6.13 and a 52-week high of $10.44.
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Turkish Investment Fund Profile
The Turkish Investment Fund, Inc (the Fund) 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 corporations. The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Funds.
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