First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Stock Price Up 0.2% – Still a Buy?

Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) traded up 0.2% during trading on Monday . The stock traded as high as $58.87 and last traded at $58.78. 26,694 shares changed hands during trading, a decline of 21% from the average session volume of 33,896 shares. The stock had previously closed at $58.69.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.2%

The stock has a market cap of $176.34 million, a PE ratio of 24.33 and a beta of 0.45. The business’s 50-day moving average price is $58.50 and its 200-day moving average price is $58.35.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.7212 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.9%.

Institutional Trading of First Trust India NIFTY 50 Equal Weight ETF

Institutional investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC increased its position in First Trust India NIFTY 50 Equal Weight ETF by 4.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 33,792 shares of the company’s stock valued at $1,923,000 after buying an additional 1,553 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 156.3% in the third quarter. Susquehanna International Group LLP now owns 39,978 shares of the company’s stock worth $2,276,000 after acquiring an additional 24,379 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.4% during the third quarter. Moors & Cabot Inc. now owns 12,224 shares of the company’s stock worth $696,000 after acquiring an additional 402 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $1,884,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter valued at about $1,034,000.

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.