iShares MSCI India Small-Cap ETF (BATS:SMIN) Reaches New 12-Month High – Time to Buy?

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $72.45 and last traded at $67.75, with a volume of 201805 shares trading hands. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Stock Down 5.5 %

The business has a fifty day moving average of $77.75 and a 200 day moving average of $81.28. The company has a market cap of $812.94 million, a P/E ratio of 28.28 and a beta of 0.46.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. National Bank of Canada FI raised its stake in iShares MSCI India Small-Cap ETF by 13.9% in the third quarter. National Bank of Canada FI now owns 1,345 shares of the company’s stock worth $116,000 after buying an additional 164 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of iShares MSCI India Small-Cap ETF by 9.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,141 shares of the company’s stock worth $270,000 after acquiring an additional 276 shares during the period. Blue Trust Inc. raised its position in shares of iShares MSCI India Small-Cap ETF by 10.3% in the 3rd quarter. Blue Trust Inc. now owns 3,083 shares of the company’s stock worth $249,000 after acquiring an additional 287 shares in the last quarter. Advisors Management Group Inc. ADV lifted its stake in shares of iShares MSCI India Small-Cap ETF by 3.1% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 9,747 shares of the company’s stock valued at $838,000 after purchasing an additional 293 shares during the period. Finally, Highland Financial Advisors LLC boosted its position in shares of iShares MSCI India Small-Cap ETF by 1.6% during the third quarter. Highland Financial Advisors LLC now owns 28,989 shares of the company’s stock valued at $2,493,000 after purchasing an additional 461 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.