First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Stock Price Up 0.1% – Here’s Why

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)’s share price traded up 0.1% on Friday . The company traded as high as $54.21 and last traded at $54.08. Approximately 6,943 shares were traded during trading, a decline of 79% from the average session volume of 32,811 shares. The stock had previously closed at $54.04.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

The firm has a fifty day simple moving average of $53.48 and a two-hundred day simple moving average of $55.14. The firm has a market capitalization of $140.61 million, a P/E ratio of 24.33 and a beta of 0.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NFTY. Pine Valley Investments Ltd Liability Co increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 4.4% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock worth $1,033,000 after acquiring an additional 850 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 111.4% during the first quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock valued at $442,000 after purchasing an additional 4,519 shares during the last quarter. Merkkuri Wealth Advisors LLC lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 2.6% during the first quarter. Merkkuri Wealth Advisors LLC now owns 35,391 shares of the company’s stock valued at $1,823,000 after purchasing an additional 896 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings 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 valued at $54,000 after purchasing an additional 753 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 977.1% during the fourth quarter. OLD Mission Capital LLC now owns 118,992 shares of the company’s stock worth $6,940,000 after purchasing an additional 107,945 shares during the period.

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.