iShares MSCI India Small-Cap ETF (BATS:SMIN) Trading 0.5% Higher – Here’s What Happened

Shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) were up 0.5% on Thursday . The stock traded as high as $66.82 and last traded at $66.40. Approximately 89,405 shares were traded during trading, a decline of 48% from the average daily volume of 172,906 shares. The stock had previously closed at $66.05.

iShares MSCI India Small-Cap ETF Stock Performance

The firm’s 50-day moving average price is $64.12 and its two-hundred day moving average price is $67.30. The stock has a market cap of $810.08 million, a price-to-earnings ratio of 26.27 and a beta of 0.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SMIN. NewEdge Advisors LLC boosted its position 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. Fifth Third Bancorp acquired a new position in shares of iShares MSCI India Small-Cap ETF during the 1st quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position in shares of iShares MSCI India Small-Cap ETF by 138.4% during the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the company’s stock valued at $39,000 after acquiring an additional 328 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of iShares MSCI India Small-Cap ETF during the 3rd quarter valued at about $42,000. Finally, HighMark Wealth Management LLC boosted its position in shares of iShares MSCI India Small-Cap ETF by 35.8% during the 4th quarter. HighMark Wealth Management LLC now owns 615 shares of the company’s stock valued at $43,000 after acquiring an additional 162 shares during the last quarter.

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.