First Trust India NIFTY 50 Equal Weight ETF $NFTY Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC decreased its position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 42.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,755 shares of the company’s stock after selling 10,892 shares during the period. Merit Financial Group LLC owned approximately 0.45% of First Trust India NIFTY 50 Equal Weight ETF worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in NFTY. Ameritas Advisory Services LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the second quarter worth about $69,000. NewEdge Advisors LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter worth approximately $127,000. Coppell Advisory Solutions LLC raised its position in First Trust India NIFTY 50 Equal Weight ETF by 281.7% during the 1st quarter. Coppell Advisory Solutions LLC now owns 3,580 shares of the company’s stock worth $207,000 after buying an additional 2,642 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 2nd quarter valued at approximately $399,000. Finally, Summit Investment Advisors Inc. lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 8.0% during the 1st quarter. Summit Investment Advisors Inc. now owns 13,182 shares of the company’s stock valued at $735,000 after acquiring an additional 974 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

NASDAQ:NFTY opened at $58.77 on Wednesday. The company’s fifty day moving average price is $58.48 and its 200-day moving average price is $58.35. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $51.57 and a 1-year high of $60.70. The firm has a market capitalization of $176.31 million, a P/E ratio of 24.33 and a beta of 0.45.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

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

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.