iShares MSCI India Small-Cap ETF (BATS:SMIN) Hits New 52-Week High – Here’s Why

Shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) hit a new 52-week high on Tuesday . The company traded as high as $72.45 and last traded at $69.10, with a volume of 201805 shares trading hands. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Price Performance

The stock has a fifty day moving average of $76.61 and a 200 day moving average of $80.80. The stock has a market cap of $842.70 million, a price-to-earnings ratio of 28.28 and a beta of 0.46.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in shares of iShares MSCI India Small-Cap ETF by 14.8% in the second quarter. Sei Investments Co. now owns 6,229 shares of the company’s stock valued at $504,000 after purchasing an additional 803 shares during the period. Creative Planning acquired a new position in iShares MSCI India Small-Cap ETF in the 2nd quarter worth $652,000. Truist Financial Corp purchased a new position in iShares MSCI India Small-Cap ETF in the 2nd quarter valued at about $357,000. Miracle Mile Advisors LLC acquired a new stake in shares of iShares MSCI India Small-Cap ETF during the third quarter valued at about $254,000. Finally, Leibman Financial Services Inc. lifted its stake in shares of iShares MSCI India Small-Cap ETF by 44.3% in the third quarter. Leibman Financial Services Inc. now owns 33,941 shares of the company’s stock worth $2,919,000 after acquiring an additional 10,421 shares in the last quarter.

iShares MSCI India Small-Cap ETF Company Profile

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.