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

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s share price reached 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. The stock had previously closed at $61.10.

iShares MSCI India Small-Cap ETF Stock Down 3.2%

The stock has a market capitalization of $721.51 million, a P/E ratio of 26.27 and a beta of 0.48. The business has a fifty day moving average price of $65.43 and a 200-day moving average price of $69.77.

Hedge Funds Weigh In On iShares MSCI India Small-Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in shares of 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 acquiring an additional 150 shares during the last quarter. 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 purchasing an additional 162 shares during the last quarter. Creative Planning raised its holdings in shares of iShares MSCI India Small-Cap ETF by 2.4% during the third quarter. Creative Planning now owns 8,586 shares of the company’s stock valued at $616,000 after purchasing an additional 202 shares during the last quarter. Belpointe Asset Management LLC lifted its position in iShares MSCI India Small-Cap ETF by 2.2% during the third quarter. Belpointe Asset Management LLC now owns 10,747 shares of the company’s stock valued at $771,000 after purchasing an additional 234 shares during the period. Finally, Equitable Holdings Inc. lifted its position in iShares MSCI India Small-Cap ETF by 3.8% during the fourth quarter. Equitable Holdings Inc. now owns 7,360 shares of the company’s stock valued at $515,000 after purchasing an additional 268 shares during the period.

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.