Pine Valley Investments Ltd Liability Co Decreases Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Pine Valley Investments Ltd Liability Co trimmed its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,980 shares of the company’s stock after selling 800 shares during the quarter. Pine Valley Investments Ltd Liability Co owned approximately 0.27% of First Trust India NIFTY 50 Equal Weight ETF worth $727,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth $61,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth $205,000. Capital Wealth Alliance LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter worth $249,000. Synovus Financial Corp raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% in the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after acquiring an additional 427 shares during the last quarter. Finally, Gentry Private Wealth LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth $257,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.3 %

NASDAQ NFTY opened at $53.30 on Thursday. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $53.11 and a fifty-two week high of $65.90. The stock has a market cap of $253.18 million, a price-to-earnings ratio of 22.12 and a beta of 0.72. The business has a fifty day moving average of $55.09 and a 200-day moving average of $59.14.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.7608 dividend. The ex-dividend date was Friday, December 13th.

First Trust India NIFTY 50 Equal Weight ETF 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.