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

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s share price hit a new 52-week high on Monday . The stock traded as high as $72.45 and last traded at $64.24, 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 capitalization of $603.25 million, a P/E ratio of 22.46 and a beta of 0.82. The company’s 50 day simple moving average is $67.74 and its two-hundred day simple moving average is $77.24.

Institutional Trading of iShares MSCI India Small-Cap ETF

Several large investors have recently added to or reduced their stakes in SMIN. Oppenheimer & Co. Inc. grew its stake in iShares MSCI India Small-Cap ETF by 9.6% during the third quarter. Oppenheimer & Co. Inc. now owns 3,141 shares of the company’s stock worth $270,000 after buying an additional 276 shares during the last quarter. Prospera Financial Services Inc grew its stake in iShares MSCI India Small-Cap ETF by 18.7% during the third quarter. Prospera Financial Services Inc now owns 16,115 shares of the company’s stock worth $1,386,000 after buying an additional 2,534 shares during the last quarter. Jennison Associates LLC bought a new stake in iShares MSCI India Small-Cap ETF during the third quarter worth about $50,003,000. Loomis Sayles & Co. L P grew its stake in iShares MSCI India Small-Cap ETF by 250.1% during the third quarter. Loomis Sayles & Co. L P now owns 11,033 shares of the company’s stock worth $949,000 after buying an additional 7,882 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in iShares MSCI India Small-Cap ETF by 146.3% during the third quarter. HighTower Advisors LLC now owns 41,583 shares of the company’s stock worth $3,581,000 after buying an additional 24,701 shares during 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.