iShares MSCI India Small-Cap ETF (BATS:SMIN) Hits New 52-Week High – Time to Buy?

Shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) reached a new 52-week high on Thursday . The company traded as high as $72.45 and last traded at $70.55, with a volume of 201805 shares. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Stock Performance

The firm has a market cap of $846.54 million, a price-to-earnings ratio of 28.28 and a beta of 0.46. The stock’s fifty day moving average is $78.70 and its two-hundred day moving average is $81.76.

Hedge Funds Weigh In On iShares MSCI India Small-Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SMIN. Jennison Associates LLC bought a new position in shares of iShares MSCI India Small-Cap ETF in the third quarter worth $50,003,000. Franklin Resources Inc. grew its position in iShares MSCI India Small-Cap ETF by 38.9% in the 3rd 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 in the last quarter. Kera Capital Partners Inc. acquired a new position in iShares MSCI India Small-Cap ETF during the 4th quarter valued at about $8,284,000. Hsbc Holdings PLC bought a new stake in shares of iShares MSCI India Small-Cap ETF during the 2nd quarter worth about $5,005,000. Finally, Calton & Associates Inc. lifted its stake in shares of iShares MSCI India Small-Cap ETF by 1,295.9% in 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.

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.