iShares MSCI India Small-Cap ETF (BATS:SMIN) Hits New 52-Week Low – Time to Sell?

iShares MSCI India Small-Cap ETF (BATS:SMIN) hit a new 52-week low on Thursday . The stock traded as low as $61.08 and last traded at $61.13, with a volume of 121347 shares. The stock had previously closed at $61.62.

iShares MSCI India Small-Cap ETF Stock Performance

The stock has a fifty day moving average of $66.08 and a 200-day moving average of $70.15. The company has a market cap of $745.79 million, a PE ratio of 26.27 and a beta of 0.48.

Institutional Trading of iShares MSCI India Small-Cap ETF

A number of large investors have recently made changes to their positions in SMIN. Goldman Sachs Group Inc. grew its holdings 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 purchasing an additional 280,891 shares during the last quarter. Man Group plc purchased a new stake in iShares MSCI India Small-Cap ETF in the 3rd quarter valued at about $18,895,000. Hillsdale Investment Management Inc. grew its stake in iShares MSCI India Small-Cap ETF by 244.3% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 350,118 shares of the company’s stock worth $27,022,000 after acquiring an additional 248,418 shares in the last quarter. Causeway Capital Management LLC increased its position in shares of iShares MSCI India Small-Cap ETF by 168.2% during the third quarter. Causeway Capital Management LLC now owns 367,520 shares of the company’s stock worth $26,359,000 after acquiring an additional 230,512 shares during the period. Finally, State Street Corp bought a new stake in shares of iShares MSCI India Small-Cap ETF during the fourth quarter valued at approximately $14,413,000.

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.