Private Client Services LLC Buys 25,770 Shares of First Trust India NIFTY 50 Equal Weight ETF $NFTY

Private Client Services LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the third quarter, Holdings Channel reports. The fund purchased 25,770 shares of the company’s stock, valued at approximately $1,314,000.

Several other institutional investors and hedge funds also recently modified their holdings of NFTY. Crumly & Associates Inc. raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.0% during the second quarter. Crumly & Associates Inc. now owns 293,242 shares of the company’s stock valued at $15,775,000 after purchasing an additional 11,233 shares in the last quarter. Merkkuri Wealth Advisors LLC grew its position in First Trust India NIFTY 50 Equal Weight ETF by 2.6% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 35,391 shares of the company’s stock valued at $1,823,000 after buying an additional 896 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in 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 valued at $1,033,000 after buying an additional 850 shares during the period. Gateway Wealth Partners LLC increased its stake in First Trust India NIFTY 50 Equal Weight ETF by 111.4% during 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 period. Finally, Rockefeller Capital Management L.P. increased its stake in 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 buying an additional 753 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NASDAQ:NFTY traded up $0.17 during trading on Friday, reaching $50.72. The company had a trading volume of 2,050 shares, compared to its average volume of 29,670. The firm’s fifty day moving average is $53.66 and its 200 day moving average is $53.37. The firm has a market capitalization of $98.90 million, a PE ratio of 24.33 and a beta of 0.44. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $49.62 and a twelve month high of $60.70.

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.