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

iShares MSCI India Small-Cap ETF (BATS:SMIN) shares reached a new 52-week high during mid-day trading 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 capitalization 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 200 day moving average price is $78.56.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in shares of iShares MSCI India Small-Cap ETF during the third quarter worth about $61,000. Glass Jacobson Investment Advisors llc raised its position in shares of iShares MSCI India Small-Cap ETF by 255.3% in the 4th 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 in the last quarter. National Bank of Canada FI boosted its stake in shares of iShares MSCI India Small-Cap ETF by 13.9% during the 3rd quarter. National Bank of Canada FI now owns 1,345 shares of the company’s stock valued at $116,000 after buying an additional 164 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of iShares MSCI India Small-Cap ETF during the third quarter worth approximately $232,000. Finally, Brighton Jones LLC bought a new stake in shares of iShares MSCI India Small-Cap ETF in the fourth quarter worth $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.