Belpointe Asset Management LLC Has $417,000 Stake in First Trust India NIFTY 50 Equal Weight ETF $NFTY

Belpointe Asset Management LLC lowered its stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,480 shares of the company’s stock after selling 232 shares during the period. Belpointe Asset Management LLC owned about 0.19% of First Trust India NIFTY 50 Equal Weight ETF worth $417,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NFTY. Kestra Advisory Services LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.5% during the first quarter. Kestra Advisory Services LLC now owns 186,143 shares of the company’s stock valued at $10,379,000 after buying an additional 12,911 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 9.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 176,126 shares of the company’s stock worth $9,861,000 after purchasing an additional 15,712 shares in the last quarter. Crumly & Associates Inc. lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 9.9% in the first quarter. Crumly & Associates Inc. now owns 168,777 shares of the company’s stock valued at $9,411,000 after buying an additional 15,221 shares during the period. Archer Investment Corp lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 7.0% in the first quarter. Archer Investment Corp now owns 137,452 shares of the company’s stock valued at $7,664,000 after buying an additional 8,950 shares during the period. Finally, Cetera Investment Advisers increased its stake in First Trust India NIFTY 50 Equal Weight ETF by 4.9% in 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 in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NASDAQ:NFTY opened at $58.11 on Monday. The company has a 50 day moving average price of $57.97 and a two-hundred day moving average price of $57.22. 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 company has a market capitalization of $206.29 million, a PE ratio of 24.33 and a beta of 0.72.

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.