Royal Bank of Canada Reduces Position in iShares MSCI India Small-Cap ETF $SMIN

Royal Bank of Canada cut its holdings in shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) by 60.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,112 shares of the company’s stock after selling 21,157 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI India Small-Cap ETF were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in iShares MSCI India Small-Cap ETF by 81.5% during the 2nd quarter. NewEdge Advisors LLC now owns 334 shares of the company’s stock valued at $26,000 after acquiring an additional 150 shares during the period. Fifth Third Bancorp bought a new stake in shares of iShares MSCI India Small-Cap ETF in the first quarter worth approximately $31,000. Farther Finance Advisors LLC grew its stake in shares of iShares MSCI India Small-Cap ETF by 138.4% in the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the company’s stock worth $39,000 after acquiring an additional 328 shares during the period. Advisory Services Network LLC purchased a new position in shares of iShares MSCI India Small-Cap ETF during the third quarter valued at approximately $42,000. Finally, HighMark Wealth Management LLC raised its holdings in shares of iShares MSCI India Small-Cap ETF by 35.8% during the fourth quarter. HighMark Wealth Management LLC now owns 615 shares of the company’s stock valued at $43,000 after purchasing an additional 162 shares during the last quarter.

iShares MSCI India Small-Cap ETF Stock Up 0.4%

Shares of iShares MSCI India Small-Cap ETF stock opened at $71.72 on Friday. iShares MSCI India Small-Cap ETF has a twelve month low of $57.78 and a twelve month high of $75.94. The company’s 50 day moving average is $70.23 and its 200 day moving average is $67.02. The company has a market cap of $874.98 million, a price-to-earnings ratio of 26.27 and a beta of 0.48.

iShares MSCI India Small-Cap ETF 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.