iShares MSCI India Small-Cap ETF (BATS:SMIN) Trading Up 0.5% – Still a Buy?

iShares MSCI India Small-Cap ETF (BATS:SMIN) were up 0.5% during mid-day trading on Thursday . The company 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 Up 0.1%

The stock has a market cap of $810.57 million, a price-to-earnings ratio of 26.27 and a beta of 0.48. The stock’s fifty day moving average is $64.18 and its 200-day moving average is $67.29.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMIN. Goldman Sachs Group Inc. boosted 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 valued at $46,595,000 after buying an additional 280,891 shares during the period. Man Group plc acquired a new position in shares of iShares MSCI India Small-Cap ETF in the third quarter valued at approximately $18,895,000. Causeway Capital Management LLC boosted its holdings in shares of iShares MSCI India Small-Cap ETF by 168.2% in the third quarter. Causeway Capital Management LLC now owns 367,520 shares of the company’s stock valued at $26,359,000 after buying an additional 230,512 shares during the period. State Street Corp acquired a new position in shares of iShares MSCI India Small-Cap ETF in the fourth quarter valued at approximately $14,413,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of iShares MSCI India Small-Cap ETF by 42.0% in the third quarter. Hillsdale Investment Management Inc. now owns 497,118 shares of the company’s stock valued at $35,653,000 after buying an additional 147,000 shares during the period.

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.