First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $52.22 and traded as high as $52.42. First Trust India NIFTY 50 Equal Weight ETF shares last traded at $52.39, with a volume of 16,327 shares changing hands.
First Trust India NIFTY 50 Equal Weight ETF Price Performance
The business has a 50-day moving average of $52.22 and a 200-day moving average of $53.84. The firm has a market cap of $102.16 million, a price-to-earnings ratio of 24.33 and a beta of 0.46.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Crumly & Associates Inc. increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.0% during the 2nd quarter. Crumly & Associates Inc. now owns 293,242 shares of the company’s stock worth $15,775,000 after purchasing an additional 11,233 shares during the last quarter. Private Client Services LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter worth approximately $1,314,000. Pine Valley Investments Ltd Liability Co raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.4% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock worth $1,033,000 after purchasing an additional 850 shares in the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 111.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock valued at $442,000 after buying an additional 4,519 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 450.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock valued at $54,000 after buying an additional 753 shares during the last quarter.
About First Trust India NIFTY 50 Equal Weight ETF
The First Trust India NIFTY 50 Equal Weight ETF (NFTY) is an exchange-traded fund that is based on the NIFTY 50 Equal Weight index. The fund tracks an equally weighted index of the 50 largest and most liquid Indian equity securities. NFTY was launched on Feb 14, 2012 and is managed by First Trust.
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