iShares MSCI India Small-Cap ETF (BATS:SMIN) Trading 1.7% Higher – Still a Buy?

iShares MSCI India Small-Cap ETF (BATS:SMIN) shares were up 1.7% on Tuesday . The stock traded as high as $71.89 and last traded at $71.88. Approximately 127,747 shares changed hands during trading, a decline of 25% from the average daily volume of 171,350 shares. The stock had previously closed at $70.71.

iShares MSCI India Small-Cap ETF Trading Up 1.7%

The firm has a market cap of $876.94 million, a P/E ratio of 26.27 and a beta of 0.48. The business’s fifty day simple moving average is $68.96 and its 200-day simple moving average is $66.51.

Institutional Trading of iShares MSCI India Small-Cap ETF

A number of institutional investors have recently modified their holdings of SMIN. Brighton Jones LLC purchased a new position in iShares MSCI India Small-Cap ETF during the 4th quarter valued at about $245,000. Millennium Management LLC purchased a new stake in iShares MSCI India Small-Cap ETF in the 1st quarter worth approximately $5,664,000. Goldman Sachs Group Inc. grew its position in shares of iShares MSCI India Small-Cap ETF by 69.6% in the 1st 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 during the last quarter. NewEdge Advisors LLC grew its position in shares of iShares MSCI India Small-Cap ETF by 81.5% in the 2nd quarter. NewEdge Advisors LLC now owns 334 shares of the company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of iShares MSCI India Small-Cap ETF by 216.7% during the second quarter. Sei Investments Co. now owns 30,809 shares of the company’s stock valued at $2,378,000 after buying an additional 21,081 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.