iShares MSCI India Small-Cap ETF (BATS:SMIN) Sets New 12-Month High – Should You Buy?

Shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) reached a new 52-week high on Monday . The stock traded as high as $84.82 and last traded at $84.39, with a volume of 50331 shares traded. The stock had previously closed at $84.46.

iShares MSCI India Small-Cap ETF Price Performance

The firm has a market cap of $1.02 billion, a P/E ratio of 28.28 and a beta of 0.46. The stock’s 50-day moving average price is $82.65 and its 200 day moving average price is $82.24.

Institutional Trading of iShares MSCI India Small-Cap ETF

Several institutional investors have recently added to or reduced their stakes in SMIN. Jennison Associates LLC bought a new stake in iShares MSCI India Small-Cap ETF in the 3rd quarter valued at about $50,003,000. Franklin Resources Inc. boosted its stake in shares of iShares MSCI India Small-Cap ETF by 38.9% in the third quarter. Franklin Resources Inc. now owns 754,768 shares of the company’s stock valued at $64,344,000 after buying an additional 211,508 shares during the period. Hsbc Holdings PLC acquired a new stake in iShares MSCI India Small-Cap ETF during the second quarter worth approximately $5,005,000. Calton & Associates Inc. increased its stake in iShares MSCI India Small-Cap ETF by 1,295.9% during the 3rd quarter. Calton & Associates Inc. now owns 60,303 shares of the company’s stock worth $5,186,000 after acquiring an additional 55,983 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in iShares MSCI India Small-Cap ETF by 1,202.3% in the 2nd quarter. Renaissance Technologies LLC now owns 56,000 shares of the company’s stock valued at $4,529,000 after acquiring an additional 51,700 shares in the last quarter.

About iShares MSCI India Small-Cap ETF

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.