iShares MSCI India Small-Cap ETF (BATS:SMIN) Sets New 12-Month High – What’s Next?

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 $83.15 and last traded at $82.84, with a volume of 102216 shares traded. The stock had previously closed at $83.02.

iShares MSCI India Small-Cap ETF Stock Down 0.2 %

The firm has a market cap of $994.08 million, a P/E ratio of 28.28 and a beta of 0.46. The firm’s 50-day simple moving average is $82.94 and its 200 day simple moving average is $81.85.

Institutional Trading of iShares MSCI India Small-Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. raised its position in shares of 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 valued at $64,344,000 after purchasing an additional 211,508 shares during the period. Jennison Associates LLC bought a new stake in shares of iShares MSCI India Small-Cap ETF in the third quarter valued at approximately $50,003,000. State of New Jersey Common Pension Fund D raised its position in shares of iShares MSCI India Small-Cap ETF by 10.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 244,880 shares of the company’s stock valued at $21,060,000 after purchasing an additional 22,337 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares MSCI India Small-Cap ETF by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 153,193 shares of the company’s stock valued at $12,390,000 after purchasing an additional 4,808 shares during the period. Finally, Mainsail Financial Group LLC raised 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 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.