iShares MSCI India Small-Cap ETF (BATS:SMIN) Reaches New 1-Year High – What’s Next?

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $81.89 and last traded at $81.79, with a volume of 710222 shares traded. The stock had previously closed at $80.46.

iShares MSCI India Small-Cap ETF Price Performance

The business’s fifty day simple moving average is $83.07 and its 200 day simple moving average is $81.66. The stock has a market cap of $990.48 million, a price-to-earnings ratio of 28.28 and a beta of 0.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its holdings in 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 worth $64,344,000 after acquiring an additional 211,508 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares MSCI India Small-Cap ETF during the 3rd quarter worth approximately $781,000. Sunbelt Securities Inc. lifted its holdings in shares of iShares MSCI India Small-Cap ETF by 80.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,343 shares of the company’s stock worth $373,000 after purchasing an additional 1,942 shares during the last quarter. GG Group Ventures LLC boosted its position in iShares MSCI India Small-Cap ETF by 37.7% during the 3rd quarter. GG Group Ventures LLC now owns 11,311 shares of the company’s stock valued at $900,000 after purchasing an additional 3,099 shares during the period. Finally, MML Investors Services LLC grew its stake in iShares MSCI India Small-Cap ETF by 7.7% during the 3rd quarter. MML Investors Services LLC now owns 18,306 shares of the company’s stock worth $1,574,000 after buying an additional 1,303 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.