Flow Traders U.S. LLC Purchases 47,615 Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Flow Traders U.S. LLC lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 524.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,691 shares of the company’s stock after acquiring an additional 47,615 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.64% of First Trust India NIFTY 50 Equal Weight ETF worth $2,380,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 1.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 53,754 shares of the company’s stock valued at $2,257,000 after acquiring an additional 909 shares during the period. Crumly & Associates Inc. bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter valued at approximately $2,104,000. Commonwealth Equity Services LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at approximately $330,000. Beck Capital Management LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at approximately $237,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 60.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,000 shares of the company’s stock valued at $335,000 after acquiring an additional 3,000 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.9 %

Shares of NASDAQ:NFTY opened at $48.92 on Monday. The stock has a 50 day moving average of $47.77 and a 200 day moving average of $45.74. The company has a market cap of $122.30 million, a PE ratio of 17.83 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $40.74 and a 12-month high of $49.00.

First Trust India NIFTY 50 Equal Weight ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were paid a $0.0183 dividend. The ex-dividend date was Tuesday, June 27th. This represents a $0.07 annualized dividend and a yield of 0.15%.

First Trust India NIFTY 50 Equal Weight ETF Company Profile

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.