iShares MSCI India Small-Cap ETF (BATS:SMIN) Stock Price Up 1.7% – Here’s Why

Shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) rose 1.7% during trading on Tuesday . The company traded as high as $71.89 and last traded at $71.88. Approximately 127,747 shares traded hands during 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 Trading Down 0.2%

The company has a market capitalization of $872.79 million, a price-to-earnings ratio of 26.27 and a beta of 0.48. The firm’s fifty day simple moving average is $69.05 and its two-hundred day simple moving average is $66.54.

Institutional Trading of iShares MSCI India Small-Cap ETF

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in iShares MSCI India Small-Cap ETF by 69.6% in the 1st 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 during the last quarter. Man Group plc acquired a new position in iShares MSCI India Small-Cap ETF during the third quarter worth $18,895,000. State Street Corp acquired a new position in iShares MSCI India Small-Cap ETF during the fourth quarter worth $14,413,000. Ardsley Advisory Partners LP purchased a new position in shares of iShares MSCI India Small-Cap ETF during the fourth quarter worth $9,787,000. Finally, Alliancebernstein L.P. boosted its position in shares of 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 buying an additional 100,813 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.