Karpus Management Inc. Raises Position in Turkish Investment Fund Inc (TKF)
Karpus Management Inc. increased its stake in shares of Turkish Investment Fund Inc (NYSE:TKF) by 160.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,742 shares of the financial services provider’s stock after acquiring an additional 29,430 shares during the quarter. Karpus Management Inc. owned about 1.10% of Turkish Investment Fund worth $448,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of TKF. Citigroup Inc. bought a new position in Turkish Investment Fund during the second quarter valued at $632,000. Wells Fargo & Company MN bought a new position in Turkish Investment Fund during the third quarter valued at $737,000. K2 Principal Fund L.P. lifted its position in Turkish Investment Fund by 71.2% during the second quarter. K2 Principal Fund L.P. now owns 177,872 shares of the financial services provider’s stock valued at $1,715,000 after purchasing an additional 73,953 shares during the last quarter. Finally, Deschutes Portfolio Strategy LLC lifted its position in Turkish Investment Fund by 46.1% during the third quarter. Deschutes Portfolio Strategy LLC now owns 219,466 shares of the financial services provider’s stock valued at $2,057,000 after purchasing an additional 69,266 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.
Turkish Investment Fund Inc (NYSE TKF) traded up $0.02 during mid-day trading on Friday, reaching $9.11. 14,672 shares of the company’s stock traded hands, compared to its average volume of 23,370. Turkish Investment Fund Inc has a fifty-two week low of $6.13 and a fifty-two week high of $10.44.
Turkish Investment Fund Company 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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