Ergawealth Advisors Inc. Makes New Investment in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Ergawealth Advisors Inc. purchased a new position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,437 shares of the company’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Clarus Wealth Advisors grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 3.1% in the 2nd quarter. Clarus Wealth Advisors now owns 6,517 shares of the company’s stock worth $399,000 after buying an additional 196 shares in the last quarter. Purus Wealth Management LLC grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 0.8% in the 2nd quarter. Purus Wealth Management LLC now owns 34,011 shares of the company’s stock worth $2,050,000 after buying an additional 266 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,048 shares of the company’s stock valued at $327,000 after purchasing an additional 270 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,613 shares of the company’s stock valued at $548,000 after purchasing an additional 504 shares in the last quarter. Finally, Trilogy Capital Inc. boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 10.4% in the 3rd quarter. Trilogy Capital Inc. now owns 6,197 shares of the company’s stock valued at $402,000 after purchasing an additional 583 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of First Trust India NIFTY 50 Equal Weight ETF stock opened at $60.40 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $46.60 and a 52-week high of $65.90. The stock has a market capitalization of $283.88 million, a price-to-earnings ratio of 24.18 and a beta of 0.72. The company has a fifty day moving average of $63.06 and a 200-day moving average of $60.52.

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.