Atria Wealth Solutions Inc. Invests $280,000 in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Atria Wealth Solutions Inc. bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,667 shares of the company’s stock, valued at approximately $280,000. Atria Wealth Solutions Inc. owned about 0.31% of First Trust India NIFTY 50 Equal Weight ETF at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NFTY. Advisor Group Holdings Inc. raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 148.0% during the first quarter. Advisor Group Holdings Inc. now owns 10,159 shares of the company’s stock worth $441,000 after purchasing an additional 6,063 shares during the last quarter. Raymond James & Associates raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.1% during the first quarter. Raymond James & Associates now owns 15,967 shares of the company’s stock worth $732,000 after purchasing an additional 1,065 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 123.2% during the first quarter. Flow Traders U.S. LLC now owns 19,427 shares of the company’s stock worth $880,000 after purchasing an additional 10,725 shares during the last quarter. UBS Group AG raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 69.9% during the first quarter. UBS Group AG now owns 1,606 shares of the company’s stock worth $74,000 after purchasing an additional 661 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 15.5% during the second quarter. LPL Financial LLC now owns 19,055 shares of the company’s stock worth $785,000 after purchasing an additional 2,553 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of First Trust India NIFTY 50 Equal Weight ETF stock opened at $49.42 on Tuesday. The firm has a fifty day moving average price of $47.96 and a 200 day moving average price of $45.99. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $40.74 and a 1 year high of $49.62. The stock has a market cap of $123.55 million, a PE ratio of 17.83 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were issued a $0.0183 dividend. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.07 dividend on an annualized basis 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.