First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 674.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,695 shares of the company’s stock after buying an additional 188,702 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.06% of First Trust India NIFTY 50 Equal Weight ETF worth $12,343,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,103 shares of the company’s stock worth $540,000 after purchasing an additional 562 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 142.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 33,162 shares of the company’s stock worth $1,613,000 after purchasing an additional 19,470 shares during the period. Raymond James & Associates grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.3% during the 3rd quarter. Raymond James & Associates now owns 26,637 shares of the company’s stock worth $1,296,000 after purchasing an additional 592 shares during the period. Crumly & Associates Inc. grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 0.4% during the 3rd quarter. Crumly & Associates Inc. now owns 188,746 shares of the company’s stock worth $9,181,000 after purchasing an additional 714 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter worth $95,000.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 0.3 %

NFTY traded down $0.19 during mid-day trading on Friday, hitting $57.45. 20,986 shares of the stock were exchanged, compared to its average volume of 30,781. The firm’s fifty day moving average is $56.79 and its two-hundred day moving average is $53.94. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $43.69 and a 1-year high of $58.25. The company has a market cap of $212.57 million, a PE ratio of 24.25 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.0785 per share. This represents a $0.31 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, March 21st.

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.