Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Free Report) shot up 0.1% during mid-day trading on Friday . The company traded as high as $54.37 and last traded at $54.26. 2,241 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 31,060 shares. The stock had previously closed at $54.23.
First Trust India NIFTY 50 Equal Weight ETF Stock Performance
The business has a fifty day simple moving average of $54.08 and a 200 day simple moving average of $53.90. The stock has a market cap of $116.66 million, a price-to-earnings ratio of 24.33 and a beta of 0.44.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Arax Advisory Partners acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth about $52,000. Rockefeller Capital Management L.P. boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 450.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock worth $54,000 after acquiring an additional 753 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 75.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,374 shares of the company’s stock worth $80,000 after acquiring an additional 590 shares during the period. NewEdge Advisors LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter valued at $127,000. Finally, Western Wealth Management LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth $203,000.
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.
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