iShares MSCI India Small-Cap ETF (BATS:SMIN) Shares Up 1.7% – Still a Buy?

iShares MSCI India Small-Cap ETF (BATS:SMIN) shares shot up 1.7% during trading on Tuesday . The company traded as high as $71.89 and last traded at $71.88. 127,747 shares were traded during mid-day trading, a decline of 25% from the average session volume of 171,350 shares. The stock had previously closed at $70.71.

iShares MSCI India Small-Cap ETF Stock Up 1.7%

The company has a market capitalization of $876.94 million, a P/E ratio of 26.27 and a beta of 0.48. The company has a 50-day moving average of $68.96 and a two-hundred day moving average of $66.51.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SMIN. Alliancebernstein L.P. boosted its stake in iShares MSCI India Small-Cap ETF by 10.7% during the second quarter. Alliancebernstein L.P. now owns 1,046,059 shares of the company’s stock worth $80,735,000 after acquiring an additional 100,813 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of iShares MSCI India Small-Cap ETF by 69.6% during the first quarter. Goldman Sachs Group Inc. now owns 684,319 shares of the company’s stock valued at $46,595,000 after purchasing an additional 280,891 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of iShares MSCI India Small-Cap ETF by 3.4% during the first quarter. Hillsdale Investment Management Inc. now owns 514,118 shares of the company’s stock valued at $30,827,000 after purchasing an additional 17,000 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares MSCI India Small-Cap ETF by 10.5% during the second quarter. Bank of America Corp DE now owns 426,810 shares of the company’s stock valued at $32,941,000 after purchasing an additional 40,549 shares during the last quarter. Finally, Man Group plc lifted its holdings in shares of iShares MSCI India Small-Cap ETF by 18.8% during the fourth quarter. Man Group plc now owns 312,864 shares of the company’s stock valued at $21,872,000 after purchasing an additional 49,404 shares during the last quarter.

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.