iShares MSCI Kokusai ETF (NYSEARCA:TOK) Trading 0.2% Higher – Time to Buy?

Shares of iShares MSCI Kokusai ETF (NYSEARCA:TOK) were up 0.2% during mid-day trading on Thursday . The company traded as high as $117.02 and last traded at $117.02. Approximately 2,035 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 1,647 shares. The stock had previously closed at $116.77.

iShares MSCI Kokusai ETF Price Performance

The firm’s 50 day moving average price is $118.54 and its 200 day moving average price is $114.96. The stock has a market capitalization of $228.19 million, a P/E ratio of 21.58 and a beta of 0.94.

Institutional Investors Weigh In On iShares MSCI Kokusai ETF

Several institutional investors and hedge funds have recently bought and sold shares of TOK. Assetmark Inc. bought a new stake in iShares MSCI Kokusai ETF during the 3rd quarter valued at approximately $39,868,000. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of iShares MSCI Kokusai ETF by 4.6% in the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 137,800 shares of the company’s stock valued at $16,059,000 after purchasing an additional 6,000 shares during the period. CHB Investment Group LLC bought a new stake in shares of iShares MSCI Kokusai ETF during the third quarter valued at approximately $1,871,000. Hanlon Investment Management Inc. purchased a new stake in iShares MSCI Kokusai ETF in the third quarter worth $299,000. Finally, Ascent Group LLC purchased a new stake in iShares MSCI Kokusai ETF in the third quarter worth $280,000.

About iShares MSCI Kokusai ETF

The iShares MSCI Kokusai ETF (TOK) 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. TOK was launched on Dec 10, 2007 and is managed by BlackRock.