iShares MSCI India Small-Cap ETF (BATS:SMIN) Hits New 12-Month High – Here’s Why

Shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $72.45 and last traded at $64.93, with a volume of 201805 shares trading hands. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Trading Down 9.6 %

The company has a 50-day moving average price of $72.20 and a two-hundred day moving average price of $79.44. The stock has a market cap of $641.47 million, a P/E ratio of 22.73 and a beta of 0.80.

Institutional Investors Weigh In On iShares MSCI India Small-Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE acquired a new stake in iShares MSCI India Small-Cap ETF in the third quarter valued at approximately $61,000. Glass Jacobson Investment Advisors llc lifted its position in iShares MSCI India Small-Cap ETF by 255.3% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,439 shares of the company’s stock valued at $110,000 after purchasing an additional 1,034 shares during the period. National Bank of Canada FI grew its holdings in iShares MSCI India Small-Cap ETF by 13.9% during the third quarter. National Bank of Canada FI now owns 1,345 shares of the company’s stock worth $116,000 after acquiring an additional 164 shares during the period. Stifel Financial Corp acquired a new stake in shares of iShares MSCI India Small-Cap ETF during the 3rd quarter worth approximately $232,000. Finally, Brighton Jones LLC purchased a new position in iShares MSCI India Small-Cap ETF in the fourth quarter valued at $245,000.

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.