iShares MSCI Kokusai ETF (NYSEARCA:TOK) Shares Down 0.7% – Should You Sell?

iShares MSCI Kokusai ETF (NYSEARCA:TOK) shares were down 0.7% during trading on Monday . The stock traded as low as $114.99 and last traded at $115.11. Approximately 5,650 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 7,163 shares. The stock had previously closed at $115.97.

iShares MSCI Kokusai ETF Stock Performance

The stock has a fifty day simple moving average of $112.71 and a 200-day simple moving average of $109.83. The stock has a market cap of $227.32 million, a P/E ratio of 21.58 and a beta of 0.94.

Institutional Investors Weigh In On iShares MSCI Kokusai ETF

A hedge fund recently raised its stake in iShares MSCI Kokusai ETF stock. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in shares of iShares MSCI Kokusai ETF (NYSEARCA:TOK) by 6.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,500 shares of the company’s stock after acquiring an additional 9,800 shares during the period. iShares MSCI Kokusai ETF comprises approximately 8.4% of Mitsubishi UFJ Asset Management UK Ltd.’s investment portfolio, making the stock its largest holding. Mitsubishi UFJ Asset Management UK Ltd. owned 7.92% of iShares MSCI Kokusai ETF worth $16,604,000 as of its most recent SEC filing.

iShares MSCI Kokusai ETF Company Profile

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.