iShares MSCI India Small-Cap ETF (BATS:SMIN) Reaches New 1-Year Low – Should You Sell?

iShares MSCI India Small-Cap ETF (BATS:SMIN) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $58.82 and last traded at $59.14, with a volume of 432068 shares traded. The stock had previously closed at $61.10.

iShares MSCI India Small-Cap ETF Price Performance

The stock has a market capitalization of $727.97 million, a price-to-earnings ratio of 26.27 and a beta of 0.48. The company has a 50-day simple moving average of $65.12 and a two-hundred day simple moving average of $69.64.

Institutional Trading of iShares MSCI India Small-Cap ETF

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in iShares MSCI India Small-Cap ETF by 81.5% during the 2nd quarter. NewEdge Advisors LLC now owns 334 shares of the company’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Farther Finance Advisors LLC increased its stake in shares of iShares MSCI India Small-Cap ETF by 138.4% in the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the company’s stock valued at $39,000 after purchasing an additional 328 shares during the period. Advisory Services Network LLC bought a new stake in shares of iShares MSCI India Small-Cap ETF during the third quarter valued at approximately $42,000. HighMark Wealth Management LLC raised its holdings in shares of iShares MSCI India Small-Cap ETF by 35.8% during the fourth quarter. HighMark Wealth Management LLC now owns 615 shares of the company’s stock valued at $43,000 after buying an additional 162 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of iShares MSCI India Small-Cap ETF during the fourth quarter worth approximately $46,000.

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.