First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Trading Up 0.1% – What’s Next?

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)’s stock price traded up 0.1% during mid-day trading on Friday . The company traded as high as $54.21 and last traded at $54.08. Approximately 6,943 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 32,811 shares. The stock had previously closed at $54.04.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.1%

The stock has a market capitalization of $140.61 million, a PE ratio of 24.33 and a beta of 0.45. The firm has a 50-day moving average price of $53.48 and a 200-day moving average price of $55.14.

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

Several institutional investors have recently added to or reduced their stakes in NFTY. Sound Income Strategies LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter worth about $32,000. Arax Advisory Partners purchased a new position in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at about $52,000. Rockefeller Capital Management L.P. grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 450.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock valued at $54,000 after acquiring an additional 753 shares during the period. Hazlett Burt & Watson Inc. increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 75.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,374 shares of the company’s stock worth $80,000 after purchasing an additional 590 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter worth approximately $127,000.

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.