Geneos Wealth Management Inc. Has $7.42 Million Position in First Trust India NIFTY 50 Equal Weight ETF $NFTY

Geneos Wealth Management Inc. grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 190.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,747 shares of the company’s stock after purchasing an additional 81,188 shares during the quarter. Geneos Wealth Management Inc. owned approximately 3.49% of First Trust India NIFTY 50 Equal Weight ETF worth $7,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFTY. Kestra Advisory Services LLC lifted its holdings 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 worth $10,379,000 after purchasing an additional 12,911 shares during the period. Crumly & Associates Inc. raised its position in First Trust India NIFTY 50 Equal Weight ETF by 3.9% during the 2nd quarter. Crumly & Associates Inc. now owns 175,327 shares of the company’s stock worth $10,514,000 after purchasing an additional 6,550 shares during the last quarter. Archer Investment Corp lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 4.4% during the 2nd quarter. Archer Investment Corp now owns 143,475 shares of the company’s stock worth $8,604,000 after buying an additional 6,023 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 27.3% in the 2nd quarter. Cetera Investment Advisers now owns 103,517 shares of the company’s stock valued at $6,208,000 after buying an additional 22,190 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 348.1% in the second quarter. Jane Street Group LLC now owns 73,205 shares of the company’s stock valued at $4,390,000 after buying an additional 56,870 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NFTY opened at $56.97 on Monday. The business has a 50-day moving average of $58.76 and a 200-day moving average of $58.43. The company has a market capitalization of $182.30 million, a price-to-earnings ratio of 24.33 and a beta of 0.45. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $51.57 and a 1 year high of $60.70.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.7212 per share. The ex-dividend date is Friday, December 12th. This represents a $2.88 annualized dividend and a yield of 5.1%.

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.