iShares MSCI India Small-Cap ETF (BATS:SMIN) Hits New 52-Week Low – What’s Next?

iShares MSCI India Small-Cap ETF (BATS:SMIN) shares hit a new 52-week low on Friday . The stock traded as low as $61.86 and last traded at $62.10, with a volume of 144403 shares trading hands. The stock had previously closed at $62.44.

iShares MSCI India Small-Cap ETF Trading Down 1.4%

The company has a market cap of $751.28 million, a PE ratio of 26.27 and a beta of 0.48. The business has a 50 day simple moving average of $66.59 and a two-hundred day simple moving average of $70.38.

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

A number of institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. lifted its holdings in iShares MSCI India Small-Cap ETF by 10.7% in the second quarter. Alliancebernstein L.P. now owns 1,046,059 shares of the company’s stock worth $80,735,000 after acquiring an additional 100,813 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in iShares MSCI India Small-Cap ETF by 69.6% in the first quarter. Goldman Sachs Group Inc. now owns 684,319 shares of the company’s stock valued at $46,595,000 after acquiring an additional 280,891 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of iShares MSCI India Small-Cap ETF by 42.0% during the third quarter. Hillsdale Investment Management Inc. now owns 497,118 shares of the company’s stock valued at $35,653,000 after purchasing an additional 147,000 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares MSCI India Small-Cap ETF by 10.5% during the second quarter. Bank of America Corp DE now owns 426,810 shares of the company’s stock valued at $32,941,000 after purchasing an additional 40,549 shares during the last quarter. Finally, Causeway Capital Management LLC raised its position in shares of iShares MSCI India Small-Cap ETF by 168.2% during the 3rd quarter. Causeway Capital Management LLC now owns 367,520 shares of the company’s stock worth $26,359,000 after purchasing an additional 230,512 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.