iShares MSCI India Small-Cap ETF (BATS:SMIN) Sets New 12-Month High – Should You Buy?

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s share price reached a new 52-week high on Tuesday . The company traded as high as $80.21 and last traded at $80.03, with a volume of 243539 shares traded. The stock had previously closed at $78.88.

iShares MSCI India Small-Cap ETF Trading Up 1.5 %

The stock has a 50-day simple moving average of $83.74 and a 200 day simple moving average of $81.36. The company has a market cap of $960.36 million, a price-to-earnings ratio of 28.28 and a beta of 0.46.

Institutional Trading of iShares MSCI India Small-Cap ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in iShares MSCI India Small-Cap ETF during the 2nd quarter worth about $33,000. Lynx Investment Advisory purchased a new position in shares of iShares MSCI India Small-Cap ETF during the 2nd quarter valued at about $42,000. US Bancorp DE purchased a new position in shares of iShares MSCI India Small-Cap ETF during the 3rd quarter valued at about $61,000. Comerica Bank raised its stake in shares of iShares MSCI India Small-Cap ETF by 59.2% during the 1st quarter. Comerica Bank now owns 1,014 shares of the company’s stock valued at $71,000 after buying an additional 377 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of iShares MSCI India Small-Cap ETF by 50.3% during the 2nd quarter. National Bank of Canada FI now owns 1,181 shares of the company’s stock valued at $96,000 after buying an additional 395 shares during 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.