iShares MSCI India Small-Cap ETF (BATS:SMIN) Sets New 1-Year Low – Here’s Why

iShares MSCI India Small-Cap ETF (BATS:SMIN) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $57.78 and last traded at $57.89, with a volume of 90282 shares changing hands. The stock had previously closed at $58.64.

iShares MSCI India Small-Cap ETF Stock Down 1.3%

The firm has a market capitalization of $706.26 million, a PE ratio of 26.27 and a beta of 0.48. The stock’s fifty day simple moving average is $64.74 and its 200 day simple moving average is $69.36.

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

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