iShares MSCI India Small-Cap ETF (BATS:SMIN) Reaches New 52-Week High – Time to Buy?

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

iShares MSCI India Small-Cap ETF Stock Down 1.1 %

The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 28.28 and a beta of 0.46. The business has a 50-day simple moving average of $84.45 and a two-hundred day simple moving average of $80.24.

Institutional Investors Weigh In On iShares MSCI India Small-Cap ETF

Institutional investors have recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new stake in iShares MSCI India Small-Cap ETF in the second quarter worth approximately $338,000. Renaissance Technologies LLC lifted its position in iShares MSCI India Small-Cap ETF by 1,202.3% in the second quarter. Renaissance Technologies LLC now owns 56,000 shares of the company’s stock worth $4,529,000 after purchasing an additional 51,700 shares during the period. Bryn Mawr Capital Management LLC lifted its position in iShares MSCI India Small-Cap ETF by 659.0% in the second quarter. Bryn Mawr Capital Management LLC now owns 9,814 shares of the company’s stock worth $792,000 after purchasing an additional 8,521 shares during the period. Susquehanna International Group Ltd. lifted its position in iShares MSCI India Small-Cap ETF by 60.1% in the second quarter. Susquehanna International Group Ltd. now owns 52,046 shares of the company’s stock worth $4,209,000 after purchasing an additional 19,533 shares during the period. Finally, National Bank of Canada FI lifted its position in iShares MSCI India Small-Cap ETF by 50.3% in the second quarter. National Bank of Canada FI now owns 1,181 shares of the company’s stock worth $96,000 after purchasing an additional 395 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.