Raymond James Financial Inc. Lowers Stock Holdings in First Trust India NIFTY 50 Equal Weight ETF $NFTY

Raymond James Financial Inc. trimmed its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 13.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 144,968 shares of the company’s stock after selling 21,835 shares during the period. Raymond James Financial Inc. owned approximately 3.62% of First Trust India NIFTY 50 Equal Weight ETF worth $8,083,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 50.1% during the first quarter. HighTower Advisors LLC now owns 12,201 shares of the company’s stock valued at $680,000 after purchasing an additional 4,074 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.9% during the first quarter. Cetera Investment Advisers now owns 81,327 shares of the company’s stock valued at $4,535,000 after purchasing an additional 3,813 shares during the last quarter. Crumly & Associates Inc. lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 9.9% during the first quarter. Crumly & Associates Inc. now owns 168,777 shares of the company’s stock valued at $9,411,000 after purchasing an additional 15,221 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 90.9% during the first quarter. Geneos Wealth Management Inc. now owns 73,896 shares of the company’s stock valued at $4,120,000 after purchasing an additional 35,189 shares during the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.0% during the first quarter. Archer Investment Corp now owns 137,452 shares of the company’s stock valued at $7,664,000 after purchasing an additional 8,950 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NFTY stock opened at $56.83 on Tuesday. The firm has a 50 day moving average price of $58.29 and a 200-day moving average price of $56.96. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $51.57 and a 52-week high of $65.90. The firm has a market capitalization of $201.73 million, a price-to-earnings ratio of 24.33 and a beta of 0.72.

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.