MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Sets New 12-Month High – Still a Buy?

MSCI Kokusai Equity ETF (NYSEARCA:KOKU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $106.31 and last traded at $106.21, with a volume of 1608 shares. The stock had previously closed at $106.31.

MSCI Kokusai Equity ETF Stock Down 0.3 %

The company has a market capitalization of $648.48 million, a price-to-earnings ratio of 24.33 and a beta of 1.01. The business’s 50-day moving average is $103.09 and its 200-day moving average is $101.07.

Hedge Funds Weigh In On MSCI Kokusai Equity ETF

A hedge fund recently raised its stake in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC raised its stake in MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,942 shares of the company’s stock after acquiring an additional 800 shares during the quarter. Flow Traders U.S. LLC owned approximately 0.06% of MSCI Kokusai Equity ETF worth $397,000 at the end of the most recent reporting period.

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.