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

iShares MSCI India Small-Cap ETF (BATS:SMIN) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $72.45 and last traded at $64.22, with a volume of 201805 shares. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Price Performance

The stock has a market cap of $769.66 million, a P/E ratio of 28.28 and a beta of 0.46. The firm’s 50 day moving average price is $74.13 and its 200-day moving average price is $80.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its position in iShares MSCI India Small-Cap ETF by 38.9% during the third quarter. Franklin Resources Inc. now owns 754,768 shares of the company’s stock valued at $64,344,000 after purchasing an additional 211,508 shares during the period. Jennison Associates LLC lifted its position in iShares MSCI India Small-Cap ETF by 14.9% during the fourth quarter. Jennison Associates LLC now owns 668,286 shares of the company’s stock valued at $51,090,000 after purchasing an additional 86,850 shares during the period. Jane Street Group LLC lifted its position in iShares MSCI India Small-Cap ETF by 197.5% during the fourth quarter. Jane Street Group LLC now owns 547,845 shares of the company’s stock valued at $41,883,000 after purchasing an additional 363,698 shares during the period. Proficio Capital Partners LLC lifted its position in iShares MSCI India Small-Cap ETF by 2,358.0% during the fourth quarter. Proficio Capital Partners LLC now owns 378,168 shares of the company’s stock valued at $28,911,000 after purchasing an additional 362,783 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in iShares MSCI India Small-Cap ETF by 15.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 283,694 shares of the company’s stock valued at $21,688,000 after purchasing an additional 38,814 shares during the period.

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.