First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Up 0.1% – Should You Buy?

Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) were up 0.1% during trading on Friday . The stock traded as high as $54.37 and last traded at $54.26. 2,241 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 31,060 shares. The stock had previously closed at $54.23.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

The company has a market capitalization of $116.66 million, a PE ratio of 24.33 and a beta of 0.44. The stock’s 50 day simple moving average is $54.08 and its 200-day simple moving average is $53.90.

Institutional Investors Weigh In On First Trust India NIFTY 50 Equal Weight ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 1.4% in the 4th quarter. Moors & Cabot Inc. now owns 12,396 shares of the company’s stock valued at $723,000 after purchasing an additional 172 shares during the last quarter. Summit Financial LLC lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.6% in the fourth quarter. Summit Financial LLC now owns 7,646 shares of the company’s stock valued at $446,000 after purchasing an additional 269 shares during the period. NewEdge Advisors LLC boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 15.3% during the 2nd quarter. NewEdge Advisors LLC now owns 2,627 shares of the company’s stock worth $158,000 after acquiring an additional 348 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 75.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,374 shares of the company’s stock worth $80,000 after purchasing an additional 590 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 450.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock valued at $54,000 after acquiring an additional 753 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Company 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.