First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Stock Price Up 0.2% – Here’s What Happened

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)’s stock price rose 0.2% during mid-day trading on Monday . The stock traded as high as $58.87 and last traded at $58.78. Approximately 26,694 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 33,896 shares. The stock had previously closed at $58.69.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.2%

The stock has a 50-day simple moving average of $58.50 and a two-hundred day simple moving average of $58.35. The firm has a market capitalization of $176.34 million, a P/E ratio of 24.33 and a beta of 0.45.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.7212 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, December 12th.

Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF

A number of large investors have recently bought and sold shares of NFTY. Purus Wealth Management LLC lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 0.6% during the third quarter. Purus Wealth Management LLC now owns 37,444 shares of the company’s stock worth $2,131,000 after buying an additional 212 shares during the period. NewEdge Advisors LLC lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 15.3% during the 2nd quarter. NewEdge Advisors LLC now owns 2,627 shares of the company’s stock worth $158,000 after purchasing an additional 348 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.4% during the 3rd quarter. Moors & Cabot Inc. now owns 12,224 shares of the company’s stock worth $696,000 after purchasing an additional 402 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 5.3% during the second quarter. Ameritas Investment Partners Inc. now owns 13,887 shares of the company’s stock valued at $833,000 after purchasing an additional 705 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 8.0% in the first quarter. Summit Investment Advisors Inc. now owns 13,182 shares of the company’s stock valued at $735,000 after purchasing an additional 974 shares during the last quarter.

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.