iShares MSCI India Small-Cap ETF (BATS:SMIN) Sets New 12-Month High – What’s Next?

iShares MSCI India Small-Cap ETF (BATS:SMIN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $81.78 and last traded at $81.57, with a volume of 152228 shares. The stock had previously closed at $81.64.

iShares MSCI India Small-Cap ETF Price Performance

The firm’s 50 day moving average price is $84.17 and its 200-day moving average price is $81.26. The stock has a market cap of $948 million, a P/E ratio of 28.28 and a beta of 0.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SMIN. Mather Group LLC. purchased a new position in shares of iShares MSCI India Small-Cap ETF during the second quarter valued at approximately $33,000. Lynx Investment Advisory purchased a new position in shares of iShares MSCI India Small-Cap ETF during the second quarter valued at approximately $42,000. US Bancorp DE purchased a new position in shares of iShares MSCI India Small-Cap ETF during the third quarter valued at approximately $61,000. Comerica Bank raised its holdings in shares of iShares MSCI India Small-Cap ETF by 59.2% during the first quarter. Comerica Bank now owns 1,014 shares of the company’s stock valued at $71,000 after purchasing an additional 377 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of iShares MSCI India Small-Cap ETF by 50.3% during the second quarter. National Bank of Canada FI now owns 1,181 shares of the company’s stock valued at $96,000 after purchasing an additional 395 shares during the last quarter.

iShares MSCI India Small-Cap ETF Company Profile

The iShares MSCI India Small-Cap ETF (SMIN) is an exchange-traded fund that is based on the MSCI India Small Cap index, a market-cap-weighted index of the bottom 14% of companies traded on Indian stock markets. SMIN was launched on Feb 8, 2012 and is managed by BlackRock.