Summit Investment Advisors Inc. Acquires 974 Shares of First Trust India NIFTY 50 Equal Weight ETF $NFTY

Summit Investment Advisors Inc. boosted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,182 shares of the company’s stock after buying an additional 974 shares during the quarter. Summit Investment Advisors Inc. owned approximately 0.37% of First Trust India NIFTY 50 Equal Weight ETF worth $735,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its stake 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 acquiring an additional 497 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in 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 valued at $37,000 after purchasing an additional 464 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in First Trust India NIFTY 50 Equal Weight ETF during the second quarter worth $69,000. NewEdge Advisors LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the first quarter valued at $127,000. Finally, Coppell Advisory Solutions LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 281.7% in the first quarter. Coppell Advisory Solutions LLC now owns 3,580 shares of the company’s stock valued at $207,000 after purchasing an additional 2,642 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NASDAQ NFTY opened at $59.24 on Thursday. The stock has a market cap of $189.57 million, a PE ratio of 24.33 and a beta of 0.45. The firm has a 50-day moving average of $58.43 and a 200-day moving average of $58.36. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $51.57 and a 52-week high of $60.70.

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.