iShares MSCI India Small-Cap ETF (BATS:SMIN) Shares Down 2.6% – What’s Next?

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s stock price traded down 2.6% on Wednesday . The company traded as low as $72.08 and last traded at $69.8030. 201,805 shares changed hands during trading, a decline of 15% from the average session volume of 236,609 shares. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Stock Down 2.6%

The stock has a market cap of $851.60 million, a price-to-earnings ratio of 26.27 and a beta of 0.48. The company’s 50-day simple moving average is $71.77 and its 200-day simple moving average is $73.40.

Institutional Investors Weigh In On iShares MSCI India Small-Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI India Small-Cap ETF by 81.5% during the second quarter. NewEdge Advisors LLC now owns 334 shares of the company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Advisory Services Network LLC acquired a new stake in iShares MSCI India Small-Cap ETF during the 3rd quarter worth about $42,000. CIBC Bancorp USA Inc. purchased a new stake in iShares MSCI India Small-Cap ETF during the third quarter valued at about $212,000. Brighton Jones LLC acquired a new position in shares of iShares MSCI India Small-Cap ETF in the fourth quarter worth about $245,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of iShares MSCI India Small-Cap ETF by 25.0% in the second quarter. Osaic Holdings Inc. now owns 3,336 shares of the company’s stock worth $258,000 after buying an additional 667 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.