iShares MSCI India Small-Cap ETF (BATS:SMIN) Sets New 52-Week High – Here’s What Happened

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $81.23 and last traded at $80.99, with a volume of 173700 shares changing hands. The stock had previously closed at $80.10.

iShares MSCI India Small-Cap ETF Stock Performance

The company has a market capitalization of $971.88 million, a price-to-earnings ratio of 28.28 and a beta of 0.46. The firm has a 50-day simple moving average of $84.51 and a two-hundred day simple moving average of $80.53.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in iShares MSCI India Small-Cap ETF during the 2nd quarter valued at $33,000. Lynx Investment Advisory acquired a new position in iShares MSCI India Small-Cap ETF during the second quarter worth about $42,000. US Bancorp DE bought a new stake in iShares MSCI India Small-Cap ETF in the third quarter worth about $61,000. Comerica Bank lifted its holdings in iShares MSCI India Small-Cap ETF by 59.2% in the 1st quarter. Comerica Bank now owns 1,014 shares of the company’s stock valued at $71,000 after acquiring an additional 377 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of iShares MSCI India Small-Cap ETF by 50.3% during the 2nd 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 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.