iShares MSCI India Small-Cap ETF (BATS:SMIN) Sets New 52-Week High – Still a Buy?

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s stock price reached a new 52-week high on Monday . The company traded as high as $72.45 and last traded at $62.19, with a volume of 201805 shares changing hands. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Price Performance

The firm has a market cap of $644.11 million, a price-to-earnings ratio of 22.73 and a beta of 0.80. The business’s 50-day moving average price is $70.10 and its two-hundred day moving average price is $78.56.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantinno Capital Management LP acquired a new position in shares of iShares MSCI India Small-Cap ETF in the 4th quarter valued at $960,000. Main Management ETF Advisors LLC raised its holdings in iShares MSCI India Small-Cap ETF by 0.6% in the fourth quarter. Main Management ETF Advisors LLC now owns 49,600 shares of the company’s stock valued at $3,792,000 after buying an additional 300 shares during the period. Jane Street Group LLC lifted its position in iShares MSCI India Small-Cap ETF by 197.5% during the fourth quarter. Jane Street Group LLC now owns 547,845 shares of the company’s stock valued at $41,883,000 after buying an additional 363,698 shares in the last quarter. GG Group Ventures LLC grew its stake in iShares MSCI India Small-Cap ETF by 30.1% during the fourth quarter. GG Group Ventures LLC now owns 14,710 shares of the company’s stock worth $1,125,000 after buying an additional 3,399 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in shares of iShares MSCI India Small-Cap ETF in the fourth quarter worth $251,000.

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.