Highland Financial Advisors LLC Increases Stock Position in iShares MSCI India Small-Cap ETF $SMIN

Highland Financial Advisors LLC increased its stake in shares of iShares MSCI India Small-Cap ETF (BATS:SMIN) by 36.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,378 shares of the company’s stock after buying an additional 15,145 shares during the quarter. iShares MSCI India Small-Cap ETF comprises about 0.9% of Highland Financial Advisors LLC’s holdings, making the stock its 19th largest position. Highland Financial Advisors LLC’s holdings in iShares MSCI India Small-Cap ETF were worth $3,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in shares of iShares MSCI India Small-Cap ETF by 10.7% in the second quarter. Alliancebernstein L.P. now owns 1,046,059 shares of the company’s stock valued at $80,735,000 after purchasing an additional 100,813 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 worth $46,595,000 after purchasing an additional 280,891 shares during the period. Hillsdale Investment Management Inc. lifted its holdings 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 worth $30,827,000 after purchasing an additional 17,000 shares during the period. Bank of America Corp DE grew its position in iShares MSCI India Small-Cap ETF by 10.5% in the 2nd quarter. Bank of America Corp DE now owns 426,810 shares of the company’s stock valued at $32,941,000 after buying an additional 40,549 shares during the last quarter. Finally, Man Group plc grew its position in iShares MSCI India Small-Cap ETF by 18.8% in the 4th quarter. Man Group plc now owns 312,864 shares of the company’s stock valued at $21,872,000 after buying an additional 49,404 shares during the last quarter.

iShares MSCI India Small-Cap ETF Stock Performance

SMIN stock opened at $71.49 on Tuesday. The stock has a market capitalization of $872.18 million, a PE ratio of 26.27 and a beta of 0.48. The company has a fifty day moving average of $69.33 and a 200-day moving average of $66.64. iShares MSCI India Small-Cap ETF has a one year low of $57.78 and a one year high of $75.94.

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.