First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Climb 0.1% – Still a Buy?

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)’s share price traded up 0.1% during trading on Friday. The company traded as high as $52.49 and last traded at $52.2040. Approximately 19,902 shares were traded during trading, a decline of 34% from the average daily volume of 30,274 shares. The stock had previously closed at $52.17.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.1%

The company has a 50-day simple moving average of $53.81 and a two-hundred day simple moving average of $53.45. The firm has a market cap of $101.80 million, a PE ratio of 24.33 and a beta of 0.44.

Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in NFTY. Rockefeller Capital Management L.P. grew its position in First Trust India NIFTY 50 Equal Weight ETF by 450.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock valued at $54,000 after buying an additional 753 shares during the period. Hazlett Burt & Watson Inc. increased its holdings 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 buying an additional 590 shares during the last quarter. Gateway Wealth Partners LLC raised its position in First Trust India NIFTY 50 Equal Weight ETF by 111.4% in the first quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock worth $442,000 after acquiring an additional 4,519 shares during the period. Moors & Cabot Inc. raised its position in First Trust India NIFTY 50 Equal Weight ETF by 1.4% in the fourth quarter. Moors & Cabot Inc. now owns 12,396 shares of the company’s stock worth $723,000 after acquiring an additional 172 shares during the period. Finally, Pine Valley Investments Ltd Liability Co boosted its stake in First Trust India NIFTY 50 Equal Weight ETF by 4.4% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock valued at $1,033,000 after acquiring an additional 850 shares during the last quarter.

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.