First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Down 1%

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Rating) shares dropped 1% during trading on Wednesday . The stock traded as low as $44.22 and last traded at $44.22. Approximately 3,011 shares traded hands during trading, a decline of 71% from the average daily volume of 10,384 shares. The stock had previously closed at $44.67.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 1.4 %

The company’s fifty day moving average is $44.31 and its 200-day moving average is $43.06. The firm has a market capitalization of $97.40 million, a P/E ratio of 17.83 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were issued a dividend of $0.053 per share. This represents a $0.21 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, March 24th.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

Hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth about $27,000. UBS Group AG increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 69.9% during the 1st quarter. UBS Group AG now owns 1,606 shares of the company’s stock worth $74,000 after purchasing an additional 661 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in First Trust India NIFTY 50 Equal Weight ETF by 400.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,000 shares of the company’s stock valued at $220,000 after acquiring an additional 4,000 shares in the last quarter. Beck Capital Management LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter valued at about $237,000. Finally, Envestnet Asset Management Inc. acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter valued at about $285,000.

First Trust India NIFTY 50 Equal Weight ETF Company Profile

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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.