First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Up 0.1% – Still a Buy?

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)’s share price rose 0.1% during mid-day trading on Friday. The stock traded as high as $52.49 and last traded at $52.2040. 19,902 shares changed hands during trading, a decline of 34% from the average session volume of 30,274 shares. The stock had previously closed at $52.17.

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

The firm has a market capitalization of $101.80 million, a PE ratio of 24.33 and a beta of 0.44. The business has a 50-day moving average of $53.81 and a 200 day moving average of $53.45.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 450.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in First Trust India NIFTY 50 Equal Weight ETF by 75.3% in 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 in the last quarter. Gateway Wealth Partners LLC increased its stake in First Trust India NIFTY 50 Equal Weight ETF by 111.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock valued at $442,000 after buying an additional 4,519 shares during the last quarter. Moors & Cabot Inc. increased its stake in First Trust India NIFTY 50 Equal Weight ETF by 1.4% in the 4th quarter. Moors & Cabot Inc. now owns 12,396 shares of the company’s stock valued at $723,000 after buying an additional 172 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.4% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock worth $1,033,000 after buying an additional 850 shares in the last quarter.

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.