First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Sold by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co cut its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,980 shares of the company’s stock after selling 800 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter worth about $61,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth about $205,000. Synovus Financial Corp boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% in the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after buying an additional 427 shares during the period. Gentry Private Wealth LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth about $257,000. Finally, Capital Wealth Alliance LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter worth about $249,000.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NASDAQ NFTY opened at $53.30 on Thursday. The company has a market capitalization of $253.18 million, a price-to-earnings ratio of 22.12 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $53.11 and a 1-year high of $65.90. The business has a 50-day moving average of $55.09 and a 200-day moving average of $59.14.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.7608 dividend. The ex-dividend date of this dividend was Friday, December 13th.

First Trust India NIFTY 50 Equal Weight ETF Profile

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.