Flow Traders U.S. LLC Has $2.59 Million Position in First Trust India NIFTY 50 Equal Weight ETF $NFTY

Flow Traders U.S. LLC reduced its stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 27.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,432 shares of the company’s stock after selling 17,706 shares during the quarter. Flow Traders U.S. LLC’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $2,589,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NFTY. SBI Securities Co. Ltd. grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4,518.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 508 shares of the company’s stock worth $28,000 after buying an additional 497 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 232.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 664 shares of the company’s stock worth $37,000 after buying an additional 464 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 190.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 938 shares of the company’s stock worth $52,000 after buying an additional 615 shares during the period. NBC Securities Inc. grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 125,333.3% during the 1st quarter. NBC Securities Inc. now owns 3,763 shares of the company’s stock worth $209,000 after buying an additional 3,760 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 50.1% during the 1st quarter. HighTower Advisors LLC now owns 12,201 shares of the company’s stock worth $680,000 after buying an additional 4,074 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 0.6%

First Trust India NIFTY 50 Equal Weight ETF stock opened at $58.3350 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $51.57 and a 1 year high of $65.90. The firm has a market capitalization of $207.09 million, a P/E ratio of 24.33 and a beta of 0.72. The business has a 50-day moving average of $58.40 and a 200-day moving average of $56.80.

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.