Royal Bank of Canada Cuts Stake in iShares MSCI India Small-Cap ETF $SMIN

Royal Bank of Canada cut its stake in shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) by 60.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,112 shares of the company’s stock after selling 21,157 shares during the quarter. Royal Bank of Canada owned about 0.12% of iShares MSCI India Small-Cap ETF worth $846,000 as of its most recent SEC filing.

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

iShares MSCI India Small-Cap ETF Stock Up 0.4%

BATS:SMIN opened at $71.72 on Friday. The stock has a market cap of $874.98 million, a price-to-earnings ratio of 26.27 and a beta of 0.48. The company’s 50 day moving average price is $70.23 and its 200-day moving average price is $67.02. iShares MSCI India Small-Cap ETF has a 52 week low of $57.78 and a 52 week high of $75.94.

iShares MSCI India Small-Cap ETF 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.