iShares MSCI India Small-Cap ETF (BATS:SMIN) Reaches New 52-Week High – What’s Next?

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $72.45 and last traded at $72.32, with a volume of 201805 shares changing hands. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Stock Performance

The firm has a market capitalization of $868.50 million, a P/E ratio of 28.28 and a beta of 0.46. The stock’s 50 day simple moving average is $79.06 and its 200 day simple moving average is $81.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SMIN. Jennison Associates LLC purchased a new stake in shares of iShares MSCI India Small-Cap ETF in the 3rd quarter worth $50,003,000. Franklin Resources Inc. lifted its stake in iShares MSCI India Small-Cap ETF by 38.9% in the third quarter. Franklin Resources Inc. now owns 754,768 shares of the company’s stock worth $64,344,000 after acquiring an additional 211,508 shares during the period. Kera Capital Partners Inc. bought a new position in iShares MSCI India Small-Cap ETF during the 4th quarter worth about $8,284,000. Hsbc Holdings PLC purchased a new position in iShares MSCI India Small-Cap ETF during the 2nd quarter valued at about $5,005,000. Finally, Calton & Associates Inc. raised its holdings 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 valued at $5,186,000 after purchasing an additional 55,983 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.