Envestnet Asset Management Inc. Has $1.55 Million Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Envestnet Asset Management Inc. lessened its holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,593 shares of the company’s stock after selling 2,277 shares during the period. Envestnet Asset Management Inc. owned 0.58% of First Trust India NIFTY 50 Equal Weight ETF worth $1,545,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter valued at about $61,000. Harbour Investments Inc. boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3,516.7% during the 4th quarter. Harbour Investments Inc. now owns 1,085 shares of the company’s stock worth $61,000 after acquiring an additional 1,055 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth about $153,000. Capital Wealth Alliance LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth about $249,000. Finally, Synovus Financial Corp boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the 3rd quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after acquiring an additional 427 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NFTY opened at $57.43 on Tuesday. The company has a market cap of $229.72 million, a PE ratio of 21.45 and a beta of 0.72. The stock has a 50-day moving average of $54.64 and a 200-day moving average of $56.51. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $51.57 and a 52-week high of $65.90.

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.