Cambridge Investment Research Advisors Inc. Buys New Shares in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Cambridge Investment Research Advisors Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,221 shares of the company’s stock, valued at approximately $490,000. Cambridge Investment Research Advisors Inc. owned approximately 0.64% of First Trust India NIFTY 50 Equal Weight ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth about $2,308,000. Flow Traders U.S. LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter worth about $1,276,000. Archer Investment Corp lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 214.4% during the 4th quarter. Archer Investment Corp now owns 39,977 shares of the company’s stock worth $1,746,000 after buying an additional 27,260 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 207.2% during the 3rd quarter. Citadel Advisors LLC now owns 31,885 shares of the company’s stock worth $1,366,000 after buying an additional 21,507 shares during the last quarter. Finally, LPL Financial LLC raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 310.8% in the 4th quarter. LPL Financial LLC now owns 23,118 shares of the company’s stock worth $1,010,000 after purchasing an additional 17,491 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 1.0 %

Shares of First Trust India NIFTY 50 Equal Weight ETF stock opened at $44.66 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $40.00 and a twelve month high of $47.64. The company has a 50-day simple moving average of $44.31 and a two-hundred day simple moving average of $43.06. The stock has a market capitalization of $96.02 million, a price-to-earnings ratio of 17.83 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Monday, March 27th were given a $0.053 dividend. This represents a $0.21 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, March 24th.

First Trust India NIFTY 50 Equal Weight ETF Profile

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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.