Commonwealth Equity Services LLC Purchases 3,736 Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Commonwealth Equity Services LLC raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 27.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,543 shares of the company’s stock after purchasing an additional 3,736 shares during the quarter. Commonwealth Equity Services LLC owned 0.42% of First Trust India NIFTY 50 Equal Weight ETF worth $1,058,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the second quarter valued at approximately $135,000. Geneos Wealth Management Inc. grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 3,416.7% in the first quarter. Geneos Wealth Management Inc. now owns 5,275 shares of the company’s stock valued at $300,000 after acquiring an additional 5,125 shares in the last quarter. Trilogy Capital Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the first quarter worth $316,000. Clarus Wealth Advisors boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 3.1% in the second quarter. Clarus Wealth Advisors now owns 6,517 shares of the company’s stock worth $399,000 after purchasing an additional 196 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 2nd quarter worth about $402,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.1 %

First Trust India NIFTY 50 Equal Weight ETF stock opened at $63.91 on Tuesday. The firm has a 50 day moving average price of $62.10 and a 200-day moving average price of $59.29. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $46.60 and a twelve month high of $64.23. The company has a market capitalization of $265.23 million, a P/E ratio of 24.18 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.0612 per share. This represents a $0.24 annualized dividend and a yield of 0.38%. The ex-dividend date was Thursday, June 27th.

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.