International Assets Investment Management LLC Acquires Shares of 49,195 First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

International Assets Investment Management LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 49,195 shares of the company’s stock, valued at approximately $2,659,000. International Assets Investment Management LLC owned about 2.05% of First Trust India NIFTY 50 Equal Weight ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter valued at about $208,000. Clarus Wealth Advisors purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth approximately $403,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth approximately $1,513,000. Synovus Financial Corp purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter worth approximately $223,000. Finally, LPL Financial LLC increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 65.8% during the 3rd quarter. LPL Financial LLC now owns 48,669 shares of the company’s stock worth $2,367,000 after purchasing an additional 19,313 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.4 %

Shares of NFTY stock opened at $55.66 on Friday. The company has a 50 day moving average of $56.71 and a 200-day moving average of $53.29. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $42.80 and a 12-month high of $58.25. The firm has a market cap of $189.24 million, a P/E ratio of 24.27 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.0785 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.31 annualized dividend and a dividend yield of 0.56%.

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.