MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Reaches New 1-Year High – Should You Buy?

MSCI Kokusai Equity ETF (NYSEARCA:KOKU) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $103.46 and last traded at $103.46, with a volume of 332 shares. The stock had previously closed at $102.93.

MSCI Kokusai Equity ETF Price Performance

The firm has a market capitalization of $635.01 million, a price-to-earnings ratio of 22.56 and a beta of 0.96. The business’s fifty day simple moving average is $101.05 and its 200 day simple moving average is $97.71.

Institutional Investors Weigh In On MSCI Kokusai Equity ETF

An institutional investor recently raised its position in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC boosted its holdings in MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,942 shares of the company’s stock after acquiring an additional 800 shares during the quarter. Flow Traders U.S. LLC owned 0.06% of MSCI Kokusai Equity ETF worth $397,000 at the end of the most recent quarter.

About MSCI Kokusai Equity ETF

The Xtrackers MSCI Kokusai Equity ETF (KOKU) is an exchange-traded fund that is based on the MSCI Kokusai (World ex Japan) index. The fund tracks a market cap-weighted index of large- and mid-cap developed market stocks outside of Japan. KOKU was launched on Apr 8, 2020 and is managed by Xtrackers.