Migdal Insurance & Financial Holdings Ltd. Has $699,000 Holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Migdal Insurance & Financial Holdings Ltd. cut its stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,800 shares of the company’s stock after selling 2,400 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.53% of First Trust India NIFTY 50 Equal Weight ETF worth $699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MML Investors Services LLC lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 6.0% in the second quarter. MML Investors Services LLC now owns 8,018 shares of the company’s stock valued at $384,000 after buying an additional 451 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.3% in the third quarter. Commonwealth Equity Services LLC now owns 11,103 shares of the company’s stock valued at $540,000 after buying an additional 562 shares in the last quarter. Raymond James & Associates lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.3% in the third quarter. Raymond James & Associates now owns 26,637 shares of the company’s stock valued at $1,296,000 after buying an additional 592 shares in the last quarter. UBS Group AG lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 69.9% in the first quarter. UBS Group AG now owns 1,606 shares of the company’s stock valued at $74,000 after buying an additional 661 shares in the last quarter. Finally, Crumly & Associates Inc. lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 0.4% in the third quarter. Crumly & Associates Inc. now owns 188,746 shares of the company’s stock valued at $9,181,000 after buying an additional 714 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

NFTY opened at $55.89 on Thursday. The company’s 50-day moving average is $56.71 and its 200 day moving average is $53.27. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $42.80 and a fifty-two week high of $58.25. The firm has a market capitalization of $190.03 million, a P/E ratio of 24.27 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.0785 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, March 21st.

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.