Archer Investment Corp Has $2.62 Million Stock Holdings in First Trust India NIFTY 50 Equal Weight ETF $NFTY

Archer Investment Corp reduced its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 44.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,967 shares of the company’s stock after selling 40,625 shares during the period. Archer Investment Corp’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crumly & Associates Inc. raised its holdings in First Trust India NIFTY 50 Equal Weight ETF by 3.2% in the 4th quarter. Crumly & Associates Inc. now owns 190,433 shares of the company’s stock valued at $11,106,000 after buying an additional 5,994 shares during the last quarter. OLD Mission Capital LLC lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 977.1% during the fourth quarter. OLD Mission Capital LLC now owns 118,992 shares of the company’s stock worth $6,940,000 after purchasing an additional 107,945 shares during the period. Jane Street Group LLC increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 348.1% in the second quarter. Jane Street Group LLC now owns 73,205 shares of the company’s stock valued at $4,390,000 after purchasing an additional 56,870 shares during the period. Susquehanna International Group LLP increased 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 valued at $2,276,000 after purchasing an additional 24,379 shares during the period. Finally, Merkkuri Wealth Advisors LLC raised its position in First Trust India NIFTY 50 Equal Weight ETF by 2.6% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 35,391 shares of the company’s stock worth $1,823,000 after purchasing an additional 896 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 0.5%

Shares of NFTY opened at $53.54 on Tuesday. The company has a market capitalization of $131.17 million, a PE ratio of 24.33 and a beta of 0.45. First Trust India NIFTY 50 Equal Weight ETF has a 12 month low of $49.62 and a 12 month high of $60.70. The stock’s 50-day moving average price is $53.39 and its two-hundred day moving average price is $54.82.

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.