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

iShares MSCI India Small-Cap ETF (BATS:SMIN) shares 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 trading hands. The stock had previously closed at $58.64.

iShares MSCI India Small-Cap ETF Stock Performance

The company has a market capitalization of $706.26 million, a PE ratio of 26.27 and a beta of 0.48. The stock has a fifty day moving average of $64.74 and a 200 day moving average of $69.36.

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

Hedge funds have recently modified their holdings of the stock. Aberdeen Group plc lifted its stake in iShares MSCI India Small-Cap ETF by 326.0% in the 3rd quarter. Aberdeen Group plc now owns 87,100 shares of the company’s stock worth $6,247,000 after purchasing an additional 66,654 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of iShares MSCI India Small-Cap ETF by 42.0% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 497,118 shares of the company’s stock valued at $35,653,000 after purchasing an additional 147,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares MSCI India Small-Cap ETF by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 209,027 shares of the company’s stock valued at $16,133,000 after purchasing an additional 5,522 shares in the last quarter. VestGen Advisors LLC purchased a new position in shares of iShares MSCI India Small-Cap ETF during the second quarter valued at about $3,763,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI India Small-Cap ETF in the second quarter worth about $2,074,000.

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.