iShares MSCI India Small-Cap ETF (BATS:SMIN) Reaches New 1-Year High – Still a Buy?

Shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) hit a new 52-week high during trading on Monday . The stock traded as high as $83.83 and last traded at $83.59, with a volume of 130247 shares traded. The stock had previously closed at $84.56.

iShares MSCI India Small-Cap ETF Price Performance

The stock’s 50 day simple moving average is $84.53 and its two-hundred day simple moving average is $80.38. The stock has a market capitalization of $985.44 million, a PE ratio of 28.28 and a beta of 0.46.

Institutional Trading of iShares MSCI India Small-Cap ETF

Several hedge funds have recently made changes to their positions in SMIN. Silver Oak Securities Incorporated purchased a new stake in iShares MSCI India Small-Cap ETF during the third quarter valued at about $1,179,000. Private Advisor Group LLC purchased a new position in shares of iShares MSCI India Small-Cap ETF in the third quarter valued at $255,000. Mainsail Financial Group LLC grew its position in shares of iShares MSCI India Small-Cap ETF by 20.9% in the third quarter. Mainsail Financial Group LLC now owns 73,903 shares of the company’s stock valued at $6,271,000 after purchasing an additional 12,786 shares in the last quarter. Calton & Associates Inc. raised its stake in shares of iShares MSCI India Small-Cap ETF by 74.3% during the 3rd quarter. Calton & Associates Inc. now owns 7,530 shares of the company’s stock valued at $648,000 after purchasing an additional 3,210 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of iShares MSCI India Small-Cap ETF by 30.0% in the third quarter. Raymond James & Associates now owns 57,232 shares of the company’s stock worth $4,922,000 after buying an additional 13,193 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.