Here’s Who Just Picked Up Turkish Investment Fund Inc. (NYSE:TKF) Shares

Diversification is more than just a buzz word in the finance space, and especially right...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more


ANPC the best stock to buy? Trending stock? Breakout...
Lytton Laurence is Buying Catalyst Biosciences (NASD...
Why CytRx Corporation (NASDAQ:CYTR) Stock Could Keep...

Diversification is more than just a buzz word in the finance space, and especially right now, when geopolitical uncertainty hangs over the major markets in nearly every developed nation, it’s a must. One way to gain easy access to diversity is through a closed end fund like Turkish Investment Fund Inc.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Turkish Investment Fund Inc. (NYSE:TKF) reported that Deschutes Portfolio Strategy, Llc. has picked up 253,339 of common stock as of 2017-01-20.

The acquisition brings the aggregate amount owned by Deschutes Portfolio Strategy, Llc. to a total of 253,339 representing a 5.4% stake in the company.

For those not familiar with the company, The Turkish Investment Fund, Inc. 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. The Fund invests in various sectors, such as airlines, auto components, automobiles, banks, beverages, building products, commercial services and supplies, construction materials, diversified financial services, food products, household durables, industrial conglomerates, insurance, machinery, oil, gas and consumable fuels, textiles, apparel and luxury goods, and wireless telecommunication services.

A glance at Turkish Investment Fund Inc. (NYSE:TKF)’s key stats reveals a current market capitalization of 30.24 million based on 4.66 million shares outstanding and a price at last close of $6.60 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2013-05-02, Advance picked up 35,000 at a purchase price of $19.01. This brings their total holding to 858,919  as of the date of the filing.

On the sell side, the most recent transaction saw Advance unload 50,000 shares at a sale price of $7.96. This brings their total holding to 447,626.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Turkish Investment Fund Inc. (NYSE:TKF) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.



Stay in the lopp :

Torchlight Energy (TRCH) Stock Is About To Hi...

Investors are often known to look for stocks that have managed to deliver strong gains over a reasonably long period of time and

1PM Industries Inc (OTCMKTS:OPMZ) Investors C...
1PM Industries Inc (OTCMKTS:OPMZ) shares were up 12% on Wednesday to $0.00280 and unchanged in after-hours trading. Share prices have been trading in a
CIFR Stock: Cipher Mining (NASDAQ:CIFR) Tripl...

Stocks that bounce back in a big way after having gone through a tough period are almost always of interest to investors and

related post

Skip to content