Moors & Cabot Inc. Raises Stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Moors & Cabot Inc. boosted its position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 28.4% in the 3rd quarter, Holdings Channel reports. The fund owned 10,828 shares of the company’s stock after purchasing an additional 2,398 shares during the period. Moors & Cabot Inc.’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $702,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFTY. Marmo Financial Group LLC grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 77.7% in the third quarter. Marmo Financial Group LLC now owns 186,015 shares of the company’s stock valued at $12,061,000 after purchasing an additional 81,351 shares during the period. Great Valley Advisor Group Inc. boosted its stake in First Trust India NIFTY 50 Equal Weight ETF by 2.0% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 157,967 shares of the company’s stock worth $9,522,000 after buying an additional 3,108 shares during the last quarter. Crumly & Associates Inc. grew its holdings in First Trust India NIFTY 50 Equal Weight ETF by 6.9% in the 3rd quarter. Crumly & Associates Inc. now owns 148,788 shares of the company’s stock valued at $9,647,000 after buying an additional 9,628 shares during the period. Archer Investment Corp increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 25.3% during the 3rd quarter. Archer Investment Corp now owns 117,098 shares of the company’s stock valued at $7,593,000 after acquiring an additional 23,610 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.1% during the 2nd quarter. Regal Investment Advisors LLC now owns 114,346 shares of the company’s stock worth $6,893,000 after acquiring an additional 4,554 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

First Trust India NIFTY 50 Equal Weight ETF stock opened at $58.73 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $49.54 and a 1 year high of $65.90. The firm has a 50 day moving average price of $61.63 and a 200 day moving average price of $60.87. The company has a market cap of $276.03 million, a price-to-earnings ratio of 24.18 and a beta of 0.72.

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.