iShares MSCI India Small-Cap ETF (BATS:SMIN) Reaches New 12-Month High – Here’s Why

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 $81.89 and last traded at $81.79, with a volume of 710222 shares changing hands. The stock had previously closed at $80.46.

iShares MSCI India Small-Cap ETF Price Performance

The firm has a market capitalization of $990.48 million, a price-to-earnings ratio of 28.28 and a beta of 0.46. The business’s 50-day moving average price is $83.07 and its 200 day moving average price is $81.66.

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

A number of institutional investors have recently added to or reduced their stakes in SMIN. Mather Group LLC. purchased a new position in iShares MSCI India Small-Cap ETF in the second quarter valued at about $33,000. Lynx Investment Advisory acquired a new stake in shares of iShares MSCI India Small-Cap ETF during the second quarter worth approximately $42,000. US Bancorp DE acquired a new stake in shares of iShares MSCI India Small-Cap ETF during the third quarter worth approximately $61,000. Comerica Bank increased its stake in shares of iShares MSCI India Small-Cap ETF by 59.2% in the first quarter. Comerica Bank now owns 1,014 shares of the company’s stock worth $71,000 after buying an additional 377 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in iShares MSCI India Small-Cap ETF by 50.3% in the second quarter. National Bank of Canada FI now owns 1,181 shares of the company’s stock valued at $96,000 after acquiring 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.