49,195 Shares in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,195 shares of the company’s stock, valued at approximately $2,659,000.

Other hedge funds have also bought and sold shares of the company. UBS Group AG boosted its stake in 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 acquiring an additional 661 shares in the last quarter. NBC Securities Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $95,000. Private Trust Co. NA bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth about $208,000. Synovus Financial Corp bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $223,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $325,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NASDAQ NFTY opened at $55.66 on Friday. The firm’s 50 day moving average price is $56.71 and its 200-day moving average price is $53.29. The company has a market cap of $189.24 million, a PE ratio of 24.27 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $42.80 and a 52-week high of $58.25.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.0785 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.31 annualized dividend and a dividend yield of 0.56%.

First Trust India NIFTY 50 Equal Weight ETF 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.