Somerset Group LLC lifted its position in shares of First Trust Chindia ETF (NYSEARCA:FNI) by 93.8% in the first quarter, HoldingsChannel.com reports. The firm owned 35,950 shares of the company’s stock after purchasing an additional 17,402 shares during the period. First Trust Chindia ETF comprises 1.1% of Somerset Group LLC’s investment portfolio, making the stock its 23rd largest position. Somerset Group LLC’s holdings in First Trust Chindia ETF were worth $1,336,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FNI. PNC Financial Services Group Inc. lifted its holdings in First Trust Chindia ETF by 27.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,122 shares of the company’s stock worth $116,000 after buying an additional 680 shares during the period. Millennium Management LLC purchased a new stake in First Trust Chindia ETF in the fourth quarter worth about $237,000. First Allied Advisory Services Inc. lifted its holdings in First Trust Chindia ETF by 1.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 21,162 shares of the company’s stock worth $647,000 after buying an additional 382 shares during the period. Advisor Group Inc. lifted its holdings in First Trust Chindia ETF by 3.0% in the first quarter. Advisor Group Inc. now owns 17,372 shares of the company’s stock worth $648,000 after buying an additional 511 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in First Trust Chindia ETF in the fourth quarter worth about $1,237,000.

FNI traded up $0.23 on Monday, hitting $33.90. The company had a trading volume of 5 shares, compared to its average volume of 25,311. First Trust Chindia ETF has a 52-week low of $29.74 and a 52-week high of $41.74.

TRADEMARK VIOLATION NOTICE: “Somerset Group LLC Has $1.34 Million Stake in First Trust Chindia ETF (FNI)” was published by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/somerset-group-llc-has-1-34-million-stake-in-first-trust-chindia-etf-fni/3030393.html.

About First Trust Chindia ETF

First Trust ISE ChIndia Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the ISE ChIndia Index (the Index). The Index is a non-market capitalization weighted portfolio of 50 American depositary receipts (ADRs), American depositary shares (ADS) and/or stocks selected from a universe of all listed ADRs, ADSs, and/or stocks of companies from China and India trading on a United States exchange.

See Also: What is a bull market?

Want to see what other hedge funds are holding FNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Chindia ETF (NYSEARCA:FNI).

Institutional Ownership by Quarter for First Trust Chindia ETF (NYSEARCA:FNI)

Receive News & Ratings for First Trust Chindia ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Chindia ETF and related companies with MarketBeat.com's FREE daily email newsletter.